Goldman Sachs cuts Indian stocks to neutral on slowing growth
- Posted on October 23, 2024
- By Business News Today
- 3 Views
Goldman Sachs cuts Indian stocks to neutral on slowing growth
Goldman Sachs has revised Indian equities from overweight to neutral due to slowing economic growth and weakening corporate earnings. High valuations and declining consumer spending contribute to a cautious outlook, with a projected 10% upside for the NSE Nifty 50 Index.
