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Nomura upgrades India after govt's measures; suggests this portfolio

Updated : August 26, 2019 10:37 AM IST

Soon after reducing Nifty March 2020 target to 11,880 from 12,900, global brokerage Nomura upgraded India to 'overweight'.
This upgradation happened after Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to stimulate growth in a weakening economy.
According to Nomura, the upgrade on India is amid positive local developments amid rising global uncertainty.
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