Goldman Sachs raises India outlook, targets Nifty at 29,000
after close1 source ↓written by the desknot a recommendation
- Nifty to reach
- 29,000 by 2026
- representing
- 14% upside
Goldman Sachs upgraded India to Overweight in emerging markets, projecting the Nifty to reach 29,000 by 2026, representing a 14% upside. Key sectors driving this growth include financials and consumer goods, supported by early signs of foreign portfolio inflows and improving earnings. This shift follows a year of persistent selling by overseas investors.
Not investment advice. For informational purposes only.