Goldman Sachs sees Nifty hitting 29,000 by end-2026
Goldman Sachs has upgraded Indian stocks to "Overweight," aiming for Nifty to hit 29,000 by the end of 2026.
After a rough year—thanks to foreign investors pulling out and slower earnings—this move signals fresh confidence in India's growth story.
Goldman's MSCI India profit forecast
Big players like Goldman see India bouncing back, with MSCI India profits expected to rise from 10% this year to 14% next year (2026).
RBI rate cuts, GST breaks, and stronger-than-expected company earnings are helping turn things around.
Foreign investors are starting to return
Foreign investors are starting to return after selling off $30 billion over the past year.
Sectors like banking, tech, defense, and consumer goods look especially promising—with banks alone expected to grow profits by 15%.
Plus, domestic policy support and earnings recovery are clearing the way for a potential market comeback.