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Goldman Sachs upgrades India back to ‘overweight’
Hindustan Times Ranchi
|November 11, 2025
Goldman Sachs upgraded India to “overweight” from “neutral”, reversing its October 2024 downgrade, citing strengthening earnings momentum and policy tailwinds supporting growth.
The brokerage pegs Nifty at 29,000 by end-2026, 14% upside from Friday's close.
(REUTERS)
The global brokerage has seta 2026 year-end target of 29,000 for the benchmark index Nifty 50, implying a 14% upside from Friday's close.
The index has risen about 8.5% year-to-date, lagging other emerging markets in one of their strongest years.
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