MUMBAI Goldman Sachs has downgraded Cairn India(CAIL.NS) to 'neutral' from 'buy', citing expectations of flat to declining earnings growth, based on its medium-term outlook of gradual moderation in oil prices.
The investment bank has also removed the stock from its Asia Pacific buy list. (Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read