Friday, 9 June 2017

Nifty opens below 9650, Sensex lower; Reliance up 1%, Infosys loses 3% - Get Commodity Tips- Ncxdex Tips and more

Most valuable Financial Advisory with the name of accurate tips provider here invites you to trade in a financial market with risk-free work click here for more >>

Goldman Sachs retained its overweight rating on Indian markets on increased confidence in corporate earnings recovery. The global investment bank expects earnings to grow 14 percent this year and 18 percent next year.

Tracking earnings trajectory, Goldman Sachs raised its Nifty’s 12-month target to 10,400 from 10,000 earlier. “We expect banks to recover from a downgrade cycle with upgrades to next year earnings driven by better NIMs/operating efficiency,” said the report.

Moreover, Goldman Sachs recent earnings revision Lead Indicator suggests EPS revisions in India may turn positive in coming months.

No comments:

Post a Comment