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Indian Stock Market Rating Downgrade: World famous brokerage firm Goldman SaaS has reduced India's rating, due to which the tension of stock market investors has increased. Goldman Sachs has issued a new research note on Indian capital markets and downgraded Bhardu to neutral from overweight.
The report highlights the shortcomings and constraints of India's economy. As structural reforms get underway, India's investment attractiveness is still intact, but economic growth and corporate profits are slowing. Therefore, a decision has been taken to reduce the rating.
stock market will fall
Due to expensive valuation, the stock market may see a decline in the coming few days. But due to tremendous domestic investment, there is no possibility of a major decline in the market.
What will be the market conditions according to the rating agency?
- Time correction may be seen in the market in the next 3 to 6 months.
- There has been a decline in stock market investments under Asia/Emerging Markets strategy. Therefore, the rating of the Indian stock market has been reduced from overweight to neutral.
- The 12-month Nifty target has been reduced to 27,000. Earlier this target was 27,500. But this represents an increase of 9 percent from the current level.
- Nifty targets for 3-6 months are 24,500 (-1%) and 25,500 (+3%).
- Overweight in Auto, Telecom, Insurance, Realty (Upgraded) and Internet (Upgraded).
- Ratings in Industrial, Cement/Chemical and Financial Sectors Has been reduced.