The world's renowned brokerage firm has reduced India's rating. Goldman Sachs has released a new research note on India. In the note, India's rating has been reduced from overweight to neutral.

The report tells where and what is the tension in India-  Structural reforms are going on, that is why there is still attraction of investment in India, but economic growth and corporate profits are declining. That is why the decision was taken to reduce the rating.

Due to expensive valuation, the stock market may fall for a few more days in the coming days. But due to tremendous domestic investment, there is no possibility of a big fall in the market . (Will crude oil go to 60 dollars? In this report of JPMorgan, it is told that crude oil is going to become cheaper) >> The market may see time correction in the next 3 to 6 months.  >> Under the Asia / Emerging Market strategy, investments from the stock market are decreasing. That is why the rating of Indian stock market has been reduced from Overweight to Neutral. >> The 12-month NIFTY target has been reduced to 27,000. Earlier this target was 27,500. But it indicates a growth of 9 percent from the current level. >> 3 month/6 month NIFTY targets are 24,500 (-1%) and 25,500 (+3%). >> Overweight on Auto, Telecom, Insurance, Realty (Upgraded) and Internet (Upgraded). >> Downgrade on Industrials, Cement/Chemicals and Financials.