Goldman Sachs downgrades India to ‘marketweight’, lowers Nifty target to 9,600 by June 2021

The US-based investment bank has also lowered the Nifty50 target to 9600 for end-June 2021, from 10,800 levels on lower earnings expectations and a lower target multiple of 15.5X.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/goldman-sachs-downgrades-india-to-‘marketweight’-lowers-nifty-target-to-9600-by-june-2021_13682401.html