Bigger India
Goldman Sachs Downgrades Indian Stocks For The First Time Since 2014
The Goldman Sachs downgrade comes at a time when India’s benchmark stock indices Nifty and Sensex have had a stellar year.
Don’t let the recent rally in the Indian stock market sweep you off your feet, for the party may be ending soon.
At least, that’s what Goldman Sachs seems to think.
For the first time since March 2014, the investment firm has for multiple reasons downgraded Indian equities from “overweight” to “market-weight.”