Goldman downgrades India, slashes Nifty target and warns of earnings cut. Here’s why
Global brokerage firm Goldman Sachs has turned cautious on Indian equities, downgrading its stance on the market to “marketweight”, cutting its Nifty target and warning that an “energy‑shock‑led” earnings downgrade cycle is about to unfold. The US investment bank argues that higher‑for‑longer oil prices following tensions around the Strait of Hormuz have meaningfully worsened India’s…