Goldman Sachs has slashed Nifty target to 27000 amidst high valuations & slowing economic growth

Goldman Sachs has downgraded India to Neutral from overweight due to slower economic growth, corporate profits & high valuations. Nifty target is reduced to 27,000 from 27,500. There is no risk of a significant price correction. There will be a time correction for 3 to 6 months

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