Goldman downgrades Indian stocks to "underweight"
Quotes

Goldman downgrades Indian stocks to "underweight"

Last Updated: Thursday, August 1, 2013, 09:34
 
 Comment 0
 
Goldman downgrades Indian stocks to
Mumbai: Goldman Sachs downgraded its rating on Indian stocks to "underweight" on concerns about delayed growth recovery and rising vulnerabilities for the economy.

The external funding environment has also become challenging causing RBI to tighten liquidity, the investment bank said in a note.

Goldman Sachs also expects corporate earnings to grow at 5 percent for the current fiscal year and 11 percent for the next year, below consensus estimates.

Reuters



First Published: Thursday, August 1, 2013, 09:06


Comments


comments powered by Disqus
Hyundai 4S Fluidic Verna
Hyundai 4S Fluidic Verna
Top 5 anticipated luxury cars of 2015
Top 5 anticipated luxury cars of 2015
Top 5 anticipated smartphones of 2015
Top 5 anticipated smartphones of 2015
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved