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Goldman Sachs remains overweight on India

Goldman Sachs remains overweight on India

Friday, March 31, 2017, 4:56 PM

Goldman Sachs said it remains overweight in India as the medium-term growth and reform story remains promising. The global investment firm expects the benchmark Nifty to reach 9,500 in 12 months. "Lower-than-expected demonetization impact on activity and earnings, tailwinds from global reflation trade and recent favorable state election results have all helped fuel risk appetite," said Goldman Sachs.
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