Dalal Street outlook: JP Morgan downgrades Indian equity markets to neutral; shares worst case scenario – The Times of India
Indian equities are facing a more cautious outlook, with JPMorgan cutting its rating on the market to neutral from overweight. The brokerage warned that the Nifty 50 could drop to 20,500 in a worst-case scenario, which would mean a fall of around 15% from current levels. It stated that high valuations and uncertainty linked to…