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BENGALURU: Goldman Sachs has downgraded Indian equities by one notch to ‘market weight’, citing a blistering run this year that has made them the best performing emerging Asian market.
Indian stocks have rallied nearly 28% in 2021 on the back of ultra-easy monetary policy, rising vaccinations and the economic reopening, compared with a 0.76% drop in the MSCI Emerging Market index.