Goldman Sachs Sees Nifty Rallying To 26500 Signals Nearly 9 5 Upside
E
Economic TimesVerified Publisher
Goldman Sachs anticipates Nifty's recovery to 26500, indicating a significant upside potential. This outlook stems from lower commodity prices and a stabilized currency, which are positive indicators. Healthy second-quarter earnings expectations also contribute to the improved domestic economic outlook. Foreign investor positioning is ultra-light, suggesting ample room for capital inflows to return. The brokerage recommends investing in banks, tourism, and energy refiners for potential gains. The brokerage said it recommends "going long" on banks, tourism and energy refiners. It favours large-caps over mid-caps, power utilities over agriculture stocks, and sectors
. Healthy second-quarter earnings expectations also contribute to the improved domestic economic outlook. Foreign investor positioning is ultra-light, suggesting ample room for capital inflows to return. The brokerage recommends investing in banks, tourism, and energy refiners for potential gains.
The brokerage said it recommends "going long" on banks, tourism and energy refiners. It favours large-caps over mid-caps, power utilities over agriculture stocks, and sectors focused on the domestic economy over exporters.
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