+ Follow us On Google

Global brokerage Goldman Sachs has upgraded its outlook on the Indian stock market to “overweight" from “neutral", reversing its October 2024 downgrade. The firm cited strengthening earnings momentum and policy tailwinds that are expected to support growth in the coming years.

According to a Reuters report, Goldman has set a year-end 2026 target of 29,000 for the Nifty 50, implying a 14% upside from Friday’s closing level.

The Nifty 50 index has gained about 8.5% year-to-date (YTD) but has lagged other emerging markets, which have had one of their strongest years. The underperformance was largely due to an earnings slowdown, foreign investor selling, and tariff-related concerns weighing on market sentiment. However, Goldman analysts now believe that the “year-lon

See Full Page