Daijiworld Media Network - New Delhi

New Delhi, Nov 9: Global investment giant Goldman Sachs has upgraded its outlook on Indian equities to “Overweight”, signalling renewed confidence in the country’s growth trajectory. The firm has set a Nifty target of 29,000 by the end of 2026, projecting a potential 14 per cent upside from current levels.

In its latest report titled “Leaning In as Growth Revives; Raising India back to Overweight,” Goldman Sachs said it expects India’s economic momentum to strengthen, powered by supportive fiscal and monetary measures, a rebound in corporate earnings, and revived foreign investor participation.

This marks a reversal of the bank’s October 2024 downgrade, which was based on stretched valuations and an earnings slowdown.

The report highlighted that In

See Full Page