Goldman Sachs slashes India growth forecast, warns currency strain will force rate hike

Goldman Sachs cuts India 2026 growth to 5.9%, sees higher Brent, rupee depreciation, inflation at 4.6 percent and a 50 basis point repo rate hike.

Goldman Sachs cuts India 2026 growth to 5.9%, sees higher Brent, rupee depreciation, inflation at 4.6 percent and a 50 basis point repo rate hike.

The rise in bond yields has been driven by multiple factors. Ongoing geopolitical tensions in the Middle East continue to keep crude oil prices elevated above $100 per barrel, fuelling inflation concerns. This has led investors to factor in the…

State Bank of India currently owns a 61.8% stake, while Amundi holds 36.3%. SBI Funds will not be issuing any new shares in the IPO.

Mahanagar Gas rolls out incentives for PNG users, including bill benefits and fee waivers, while assuring uninterrupted supply of PNG and CNG; shares rise nearly 2% in trade.
Abneesh Roy, ED of Nuvama Institutional Equities, says recent price increases could support paint companies’ margins and drive better revenue growth than volumes in FY27, aided by operating leverage and more disciplined industry pricing. He expects further action if input…

For FY27, JPMorgan expects Infosys to report revenue growth of 2% to 5%, while HCL Technologies is seen growing at 3% to 6%. Wipro, however, is expected to report sequential growth of -2% to 0%.

Urban Company had listed on the stock exchanges at a 60% premium in September 2025 and is now down 43.8% from its post-listing high of ₹201.18 apiece.

Mark Matthews of Bank Julius Baer & Co says India’s stock market could see a recovery despite global volatility and foreign outflows. Valuations have cooled, making the market more attractive, while mid and small caps show resilience due to strong…
Mayuresh Joshi, Director Research at Marketsmith India, says easing crude offers near-term relief, especially for aviation, where lower ATF can aid margins. He prefers a gradual, sector-specific approach amid volatility, with pharma and energy showing resilience. While valuations are turning…

.Nomura has upgraded its rating on Kotak Mahindra Bank to ‘buy’ with a target price of ₹445 per share, an upside potential of 24.8%.