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Goldman Sachs Upgrades India To "Overweight"

PUBLISHED BY: SURENDER KUMAR
NOVEMBER 29, 2012

   
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The global consultancy Goldman Sachs has raised India’s rating to ‘overweight’ from ‘market-weight’, citing the growth recovery and inflation moderation seen ahead. The investment bank has also pegged December 2013 Nifty target at 6,600 points.

 

 



For Goldman Sachs, the reforms and changes in government leadership have created optimism among the domestic investor base and also a lower risk of policy missteps in 2013. Further MSCI India’s valuation was well below the five-year average of 14.9 times, offering an attractive entry point into a stronger structural growth market in the region.



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