Goldman Sachs downgrades Indian equities outlook amid high energy prices
after close1 source ↓written by the desknot a recommendation
- 25,900
- 29,300
Goldman Sachs has downgraded India's equity outlook to market weight from overweight, citing concerns over high crude oil prices, which have surged over 40% since the US-Iran conflict began. The firm also lowered its Nifty 12-month target to 25,900 from 29,300, indicating potential margin pressures for Indian companies due to rising input costs.
This shift in outlook reflects broader macroeconomic challenges that could impact investor sentiment and market performance.
Not investment advice. For informational purposes only.