Goldman Sachs flags valuation risk after STT hike
pre-market1 source ↓written by the desknot a recommendation
Goldman Sachs highlighted near-term valuation risks following the hike in securities transaction tax (STT) on futures and options in the FY27 Budget. Despite this, the firm maintains a constructive outlook on Indian equities, driven by a projected earnings growth recovery to mid-teens. The budget reinforces fiscal discipline and infrastructure spending, aligning with Goldman’s expectations.
Not investment advice. For informational purposes only.