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Goldman Sachs Upgrades India As Economic Activity Gains Pace, Raises Nifty Target

Goldman Sachs upgraded India’s status to ‘overweight’ from ‘marketweight’.

Hormaz Fatakia
The National Stock Exchange (NSE) in Bandra Kurla Complex (BKC) in Mumbai, India. The Nifty 50 uses free float market capitalisation to decide weightage of its 50 stocks. (Photographer: Dhiraj Singh/Bloomberg)

Goldman Sachs turned bullish on India on hopes of a rebound in corporate earnings and economic growth picking up pace after the lockdown curbs were eased across the country.

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