Goldman Sachs upgraded Indian equities to 'overweight' and raised its 2026 Nifty 50 target to 29,000, citing resilient earnings and expectations of monetary easing. The firm highlighted India’s strong domestic demand, improving fiscal balance, and relative insulation from global volatility as key drivers. The brokerage noted that the next two quarters may see near-term volatility but reaffirmed a positive medium-term outlook. 

Sectors such as financials, manufacturing, and consumer discretionary are projected to lead index performance gains.