OICHARTS
8 AMThe 8 AM report →
BankingEnergyMedium impactAfter close

Goldman Sachs downgrades India, cuts Nifty target by 14%

after close1 source ↓written by the desknot a recommendation

Nifty target
14%
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 reaction to oil volatility aligns with historical trends and identified three stock categories: defensive plays, names caught in cross-fire, 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 27 Mar 2026, 16:03 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 16:03 IST on 27 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 →

Thread · RELIANCEAll RELIANCE bulletins →

Related