JP Morgan cuts Indian shares to 'underweight', trims target for MSCI EM index - Moneycontrol

The brokerage, which previously had a "neutral" rating on Indian equities, cited a slew of factors, including a weaker rupee and its impact on growth, a spike in prices of commodities such as oil, potential portfolio outflows and the domestic monetary tighten…

J.P.Morgan downgraded Indian equities to "underweight" and cut its full-year forecast for the MSCI Emerging Markets index, as geopolitical tensions fuel inflation worries, roiling global financial ma… [+1233 chars]

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