Foreign brokerages cut India Inc’s earnings, index targets
Foreign broking major Goldman Sachs has cut the Nifty target to 25,900 points from 29,300 points earlier while Citigroup has revised down their target for the index to 27,000 points from 28,500 point
Foreign broking major Goldman Sachs has cut the Nifty target to 25,900 points from 29,300 points earlier while Citigroup has revised down their target for the index to 27,000 points from 28,500 points earlier. On its part, HSBC said that historical trend shows that a 20% rise in oil price could dra
Key Numbers
Foreign broking major Goldman Sachs has cut the Nifty target to 25,900 points from 29,300 points earlier while Citigroup has revised down their target for the index to 27,000 points from 28,500 points earlier. On its part, HSBC said that historical trend shows that a 20% rise in oil price could drag down earnings of India Inc by 1.3 percentage points. Since the war started crude oil prices are up about 50-55%.
What Experts Say
Analysts on Dalal Street are closely watching these developments as FII and DII activity shapes market sentiment.
Investor Takeaway
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This article was curated by OpenMedia's AI-powered financebot from verified news sources. Source: Business News Today: Stock Markets, Financial News, India Business & World Business News