: Latest #StockMarketNEWS by #MunafaSutra daily updates Goldman Sachs downgrades India from overweight to marketweight

@StockMarketNEWS Thu 16 Apr, 2020

Posted in: #StockMarketNEWS

Latest #StockMarketNEWS by #MunafaSutra daily updates


Goldman Sachs downgrades India from 'overweight' to 'marketweight'
The us-based investment firm has also lowered the nifty target to 9,600 for june 2021, expecting substantial downward revisions to corporate earning

Nifty unlikely to go past 10,000 anytime soon, keep buying at low levels
For investment, buy in the range of 7,000-10,000 nifty level - buy 5% at the 10,000 level; raise to 10% at 9,500; to 15% at 9,000; and then keep adding
gradually at lower levels

Larsen & Toubro gains for seventh straight day; stock up 19% in 2 weeks
Thus far in april, the company has won three 'large' and one 'significant' and 'major' contracts in india and abroad

Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade
The rupee opened weak at 76.75 at the interbank forex market and then fell further to hit an all-time low of 76.80, down 36 paise over its last close.

Nestle India scales fresh record high; stock rallies 38% in 4 weeks
The fast moving consumer goods (fmcg) company surpassed its previous high of rs 17,521 hit on april 8, 2020.



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