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BankingEnergyHigh impactPre-market

Goldman Sachs downgrades India, cuts Nifty target by 14%

pre-market1 source ↓written by the desknot a recommendation

Nifty target
14% to 25,300

Goldman Sachs has downgraded India to marketweight and reduced its Nifty target by 14% to 25,300, citing weaker earnings and near-term risks. HSBC noted that the market's response to oil volatility aligns with historical trends and identified three stock categories: defensive plays, those caught in the crossfire, and strong structural winners including Reliance, Bharti Airtel, Adani Ports, and ICICI Bank.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 28 Mar 2026, 07:11 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

RELIANCE closed −0.3% on the day of the news, from ₹1,348.10 to ₹1,343.90; Nifty −2.1% over the same session; futures OI +0.1%.

Bulletin at 07:11 IST on 28 Mar 2026. Every change is measured from ₹1,348.10, the last close before it, on 27 Mar. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it125413481442axis spans 15%before the news · 27 Mar1348Nifty 50RELIANCEbulletinD0+1+3+520 Mar6 Apr16 AprFutures open interest, lotspeak 2.0 LReference close ₹1,348.10. 16 sessions from 20 Mar to 16 Apr; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before27 Mar₹1,348.10basebase
On the day30 Mar₹1,343.90▼ −0.3%▼ −2.1%+1.8 pp difference
+1 session1 Apr₹1,369.20▲ +1.6%▼ −0.6%+2.2 pp difference
+3 sessions6 Apr₹1,304.70▼ −3.2%▲ +0.7%−3.9 pp difference
+5 sessions8 Apr₹1,347.800.0%▲ +5.2%−5.2 pp difference
Gap at the open, % · ₹
▼ −1.0%−13.08 on 30 Mar
Day's range, % · ₹
2.3%≈ 31 high to low
Volume on the day
1.21×the 20-session average
Futures OI on the day
▲ +0.1%+260 lots · short build-up · price −0.3%
Futures OI open, lots
2.0 L30 Mar · 30 Mar expiry
Futures premium, ₹
−1.40−0.1% to spot
Puts per call, by OI
0.31from 0.40 the session before
Max pain
1,380from 1,380 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

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