Goldman Sachs sees Nifty at 26,500 in 12 months; favours financials, refiners
CNBC-TV18 1 hr ago·7 Sept 2026, 10:29 am
Goldman Sachs has raised its 12-month price target for India's benchmark Nifty index to 26,500, citing strong domestic growth and a favourable global macroeconomic backdrop. The investment bank is specifically overweight on financials and refiners, viewing them as key beneficiaries of a recovering economy and rising corporate earnings. It also identifies hotels, select defence, and utility sectors as attractive opportunities for investors looking for growth in the current market cycle.
For the broader market, this outlook suggests a continued preference for domestic cyclical sectors over export-dependent industries like IT. Investors should monitor the performance of banking and oil marketing companies, as these are expected to drive the index higher. However, given the bank's cautious stance on IT, investors may need to look elsewhere for growth if that sector underperforms in the coming quarters.
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
