Goldman Sachs downgrades Indian stocks to neutral from overweight due to slowing economic growth.

Goldman Sachs has downgraded Indian stocks to a neutral rating from overweight, citing concerns over slowing economic growth and its negative impact on corporate earnings. The bank noted weakening consumer spending and rising commodity prices, leading to a cautious outlook. The Nifty 50 Index target was lowered to 27,000 from 27,500, reflecting a potential 10% upside. This comes amid significant foreign fund withdrawals from Indian equities.