Goldman Sachs Report

The government aims to shrink the gap to below 4.5% of GDP by 2025-26

The global research and broking house suggests investors buy the stock at the current levels and maintains a 12-month target price of Rs 1,100 on the counter

Goldman's investment banking revenue fell 41% to $2.14 bn in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and M&As

Shares of Kotak Bank rose 2.64 per cent on Wednesday to end at Rs 1,707, valuing the lender at $42.8 billion (Rs 3.4 trillion)

Bond trading revenue surged 49% to $2.5 billion, while equities trading rose 10% to $2.05 billion.

Economic activity could pick up in first half of 2018, said the report