The superior EPS growth rate in India, Goldman Sachs believes, would come on the back of strong structural growth and demographic tailwinds
The results capture a growing trend of market turmoil boosting trading desks across Wall Street as investors rebalance their portfolios to manage tariff-related risks
The Wall Street lender joined rivals JPMorgan Chase and Morgan Stanley in reporting higher profits. But investors have shifted their focus on to economic projections, which are being clouded by tariff
The bank also noted a surge in gold ETF inflows, driven by fears of a recession, with its economists assigning a 45 per cent probability to a US recession in the next 12 months
Goldman said in a report on Sunday that the new tariff rates announced by US President Donald Trump would lower Chinese GDP growth by at least 0.7 per cent this year
Nifty 50 has corrected 10 per cent from its peak in September 2024, Goldman Sachs said, driven by cuts in EPS growth following a slower macro as well as a sharp correction in valuation multiples
Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities
Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose
Oil prices rose on Friday, with Brent futures reaching $74.37 after Russia announced it had fired a ballistic missile at Ukraine and warned of a potential widening conflict
Wall Street brokerage, which remains tactically market weight on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in next three months, implying a gain of a little under 3 per cent
RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India
Key challenges include mounting pressure on the cost of funds, driven by structural funding issues, and escalating concerns regarding rising consumer leverage
India's demographics, strong government-led spending and healthy domestic demand makes it a "favorable destination for investments going forward," he said
The Wall Street bank has downgraded its views on China equities several times this year amid pessimism in the country's stock market
The government aims to shrink the gap to below 4.5% of GDP by 2025-26
The global research and broking house suggests investors buy the stock at the current levels and maintains a 12-month target price of Rs 1,100 on the counter
Goldman's investment banking revenue fell 41% to $2.14 bn in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and M&As
Shares of Kotak Bank rose 2.64 per cent on Wednesday to end at Rs 1,707, valuing the lender at $42.8 billion (Rs 3.4 trillion)
Bond trading revenue surged 49% to $2.5 billion, while equities trading rose 10% to $2.05 billion.
Economic activity could pick up in first half of 2018, said the report