Goldman Sachs has downgraded Indian equities to ‘market weight’ from ‘overweight’, citing slower earnings growth and crude price concerns. The brokerage cut its Nifty 12-month target to 25,900, anticipating downside risks in the next 3-6 months due to unpriced earnings cuts. Despite recent gains, Goldman remains overweight on select sectors but downgraded cyclicals and downstream industries.
Sebi warns listed firms, regulated entities against rising ‘Boss Scam’ cyber fraud
Sebi has issued a warning to all regulated entities regarding a rising cyber fraud known as the ‘Boss Scam’. In this scheme, fraudsters masquerade as