In a notable shift, Goldman Sachs and HSBC have recently upgraded their outlook on Indian equities. Goldman Sachs raised India to an “Overweight” rating, setting a target of the Nifty 50 at 29,000 by end-2026 (implying over 13 % upside). HSBC reiterated an overweight view on India in its Asia portfolio, targeting the BSE Sensex at 94,000 by 2026 (roughly 12.5 % upside).









