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J.P.Morgan downgrades India equities to ‘neutral’ on oil-led earnings risks, cuts Nifty year-end target by 10%

Surging crude prices could stoke inflation and growth risks for the country, squeeze consumption and weigh on near-term corporate margins, with a weakening rupee adding to the pressure, the brokerage said in a note on Friday.

Source :- mint – markets Read More

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