Goldman Sachs has downgraded its stance on India's market from overweight to neutral, citing slowing economic growth and weaker corporate profits. The firm revised its 12-month target for the Nifty from 27,500 to 27,000, suggesting further declines are possible. A poor start to the earnings season and rising earnings cuts signal potential struggles for corporate profits. The brokerage expects markets to "time correct" over the next 3-6 months. High valuations and reduced support could limit any short-term gains. Earlier, Bernstein Research also downgraded India, citing high valuations and risks in large-cap stocks