Goldman Sachs forecasts Nifty rise to 26,500

Goldman Sachs expects India's Nifty index to reach 26,500, pointing to nearly 9.5 percent upside from recent levels. The projection is based on lower commodity prices, a stabilized currency, and healthy second-quarter earnings expectations.

The brokerage highlighted an improved domestic economic outlook driven by these factors. Foreign investor positioning remains ultra-light, which the firm said leaves room for potential capital inflows.

Goldman Sachs recommended investments in banks, tourism, and energy refiners as areas for possible gains. Specific stocks mentioned in related coverage include Reliance Industries, Adani Power, and HDFC Bank.

The forecast reflects current market conditions without specifying an exact timeline for the target level.

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Realistic illustration showing India's economic growth with cityscape and financial symbols amid global challenges.
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India's economy grows 7.7 per cent in 2025-26 amid global shocks

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Provisional GDP estimates released on Friday show 7.7 per cent growth for 2025-26. The figure exceeds the government's February prediction by 0.1 percentage points. Outlook for 2026-27 points to a slowdown.

The Nifty index achieved a strong breakout above the 23,500 level, leading technical analysts to become more optimistic about further advances.

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India's benchmark Nifty index continues to trade in a narrow range amid mixed analyst signals. A bullish market structure remains in place even as resistance levels cap gains.

Indian equities are poised for a fifth straight session of losses as GIFT Nifty signals a weak start. Investor sentiment has turned fragile following a sharp rise in Brent crude prices.

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India's Nifty Smallcap 100 index recorded an 18.4% gain in April, marking its third-highest monthly rise since inception. Historical patterns indicate potential for further advances over the next year. Experts express optimism for small caps over 18-24 months despite elevated valuations.

Indian Midcap and Smallcap indices have shown strong gains while the broader market remains weak. Concentrated investments have lifted select segments even as Largecap stocks face selling pressure.

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