Goldman Sachs Upgrades India to 'Overweight' with 29,000 Nifty Target: Economic Revival and Investment Opportunities Ahead

Nov 10, 2025 03:12 pm CST

Goldman Sachs has upgraded Indian equities to 'Overweight' with a Nifty target of 29,000 by end-2026, projecting 14% upside. The investment bank forecasts renewed growth momentum driven by supportive monetary policies, earnings rebound, and returning foreign investment after significant outflows. Key sectors expected to lead market gains include financial services, consumer durables, defense, TMT, and oil marketing companies.