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Goldman Sachs downgrades Indian equities to 'market weight' amid elevated energy prices

New Delhi [India], March 27 (ANI): Goldman Sachs has downgraded Indian equities to 'market weight,' citing a worsening macroeconomic outlook driven by persistently high energy prices and weaker earnings growth prospects. In its India Strategy report dated March 26, Thursday, the global investment bank said that 'higher-for-longer energy prices lead to deteriorating macro mix for India,' as it raised oil and gas p