Mumbai, Nov 10 (PTI) American brokerage Goldman Sachs (GS) on Monday upgraded its views on Indian equities to “overweight" after a subpar show in 2025 and estimated more interest in stock buying going forward.

The higher buying in Indian equities will see the NSE’s 50-share Nifty benchmark rise to 29,000 points, up 14 per cent by the end of 2026, it said.

The brokerage said equities have been up by a “modest" 3 per cent in 2025 in what has otherwise been one of the strongest years for emerging markets, which have seen over 30 per cent rally.

“This significant underperformance – the largest in the past two decades was triggered by a mix of peak starting valuations and cyclical growth and profit slowdown expectations," Goldman Sachs said.

The brokerage said it had downgraded its views on

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