Goldman Sachs cuts Indian stocks to neutral on slowing growth

Goldman Sachs Group tactically downgraded Indian equities to neutral from overweight due to slowing economic growth impacting corporate earnings. High valuations and earnings cuts, along with weakening consumer spending and increasing commodity prices, contribute to a less supportive environment. The benchmark NSE Nifty 50 Index has dipped over 5% in October, marking its worst month in four years.