Brokerages cut Nifty targets amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- as rising crude
- 10%
Recent geopolitical tensions have led major brokerages like Nomura and Goldman Sachs to downgrade their outlook on Indian equities. The Nifty 50 has fallen over 10% as rising crude oil prices raise concerns about inflation and economic growth. This shift in sentiment may present a buying opportunity for traders if valuations stabilize.
Not investment advice. For informational purposes only.