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Goldman Sachs upgrades India to overweight with Nifty target

pre-market1 source ↓written by the desknot a recommendation

from Friday's close
14%
Friday's close
25,492

Goldman Sachs has upgraded Indian equities to overweight and set a Nifty target of 29,000 by the end of 2026, indicating a potential upside of nearly 14% from Friday's close of 25,492. The firm cites a stabilizing earnings downgrade cycle and expects policy-driven easing to enhance market performance. Top buy-rated stocks include Bharti Airtel, Apollo Hospitals, and MakeMyTrip.

This upgrade reflects optimism for Indian equities after a significant underperformance this year, the largest in two decades.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 10 Nov 2025, 07:04 IST.

Sourcesnews.google.com

The market after the news

BHARTIARTL closed +0.9% on the day of the news, from ₹2,001.20 to ₹2,019.80; Nifty +0.3% over the same session; futures OI +1.1%.

Bulletin at 07:04 IST on 10 Nov 2025. Every change is measured from ₹2,001.20, the last close before it, on 7 Nov. Nifty 50 is measured over the same sessions.

  • BHARTIARTL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BHARTIARTL closes around the bulletin against the close before the news, with Nifty 50 rebased to it186320132163axis spans 16%before the news · 7 Nov2001Nifty 50BHARTIARTLbulletinD0+1+3+531 Oct13 Nov24 NovFutures open interest, lotspeak 1.0 LReference close ₹2,001.20. 16 sessions from 31 Oct to 24 Nov; the price axis spans 16 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before7 Nov₹2,001.20basebase
On the day10 Nov₹2,019.80▲ +0.9%▲ +0.3%+0.6 pp difference
+1 session11 Nov₹2,042.30▲ +2.0%▲ +0.8%+1.3 pp difference
+3 sessions13 Nov₹2,091.80▲ +4.5%▲ +1.5%+3.0 pp difference
+5 sessions17 Nov₹2,112.20▲ +5.5%▲ +2.0%+3.5 pp difference
Gap at the open, % · ₹
▼ −0.3%−6.20 on 10 Nov
Day's range, % · ₹
1.8%≈ 37 high to low
Volume on the day
0.87×the 20-session average
Futures OI on the day
▲ +1.1%+1,000 lots · long build-up · price +0.9%
Futures OI open, lots
93,00010 Nov · 25 Nov expiry
Futures premium, ₹
+3.90+0.2% to spot
Puts per call, by OI
0.32from 0.30 the session before
Max pain
2,020from 2,020 the session before

Source NSE UDiFF bhavcopy · BHARTIARTL on the desk →

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