UBS Not Bullish On India, Expects Nifty To Slip To 7,500

Global brokerage UBS expects domestic stock markets to remain weak and finish the year on a sluggish note. Its Nifty target for December end is 7,500, which is over 100 points lower than current levels and way below the 9,000 mark the benchmark hit last year. UBS said it remains "constructive" on India from a mid-term perspective, but cautioned that markets are unlikely to see any upside from current levels. UBS' forecast is bad ne...