Goldman Sachs Slashes Nifty 50 Target and Downgrades Indian Equities

Goldman Sachs has significantly lowered its 12-month price target for India's benchmark Nifty 50 index, cutting it to 25,900 from a previous 29,300. The investment bank also downgraded its rating on Indian equities from 'overweight' to 'marketweight', signaling a major shift in its investment stance. Analysts cited increased market stress, geopolitical tensions, and rising oil prices as primary drivers for the downward revision. The outlook is further pressured by the Indian rupee sliding to a record low of 94.2950 against the US dollar. This downgrade follows a period of intense pressure where the Nifty 50 has already declined by 14% so far in 2026. The move reflects a reversal of Goldman's previous optimistic outlook as macroeconomic headwinds continue to weigh on one of Asia's largest markets.

Sources:invezz.commoneycontrol.comeconomictimes.comtimesofindia.indiatimes.cometnownews.comndtvprofit.comcnbctv18.com