Bullish Trend Will Reassert Itself In India: Goldman Sachs

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Mani
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FII ownership and holdings in India

Despite near-term weakness persisting in equity markets in India due to stretched valuations, the bullish trend will reassert itself as corporate earnings recover, argues Goldman Sachs. Sunil Koul and team at Goldman Sachs in their July 3, 2015 “India Weekly Kickstart” report offer a NIFTY 12-month target of 9400. GS stay OW India Striking a positive note, Koul and team at Goldman Sachs continue to believe the strategic case for India is one of the most positive in the region, considering ongoing progress in various reforms. However, keeping in mind the near-term slow progress and soft 2014 earnings, the GS…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports