share market
There is a very good news for stock market investors. The world’s leading brokerage firm Goldman Sachs believes that the Indian stock market may soon see a big boom. The firm says that by June 2027, the Nifty 50 index will touch a new historical level of 26,500, which is much above its current record high. Falling commodity prices, stable rupee, strong corporate earnings and strong growth of the domestic economy have completely changed the outlook of the Indian market. A further rise of about 10 percent in Nifty is expected from the current level.
Market picture changed due to strong domestic growth
The improvement seen in India’s macroeconomic scenario (macro backdrop) in recent times has completely changed the mood of the market. According to Goldman Sachs, the fall in commodity prices, stability of the rupee and most importantly, the strong growth rate of our economy (resilient domestic growth) have given new strength to the outlook of the Indian market. Till some time ago, investors were afraid of economic slowdown, but now the boom in domestic sectors and expectations of excellent earnings of companies in the second quarter have made the environment positive. In view of this excellent ‘economic recovery’, the brokerage firm is confident that now investors will increase their investments keeping this economic recovery in mind.
Clear the way for return of foreign investors
The last few months were a bit worrying for retail investors, because foreign institutional investors (FIIs) withdrew a lot of money from the market. Global investors used the Indian market as a ‘funding market’ in the first half of the year 2026 and sold Indian shares worth about $ 30 billion in just three and a half months. But, now this trend is changing.
According to Goldman Sachs, the worst phase of foreign selling is now over. Since mid-June, foreign investors have once again turned to the Indian market and have invested about $2 billion. This investment has mainly come in financial shares. Since global funds still have a lot of scope to invest in Indian stocks, as the picture of the domestic economy becomes clearer, the inflow of foreign money into the market may increase again.
Which shares will be popular in the market?
The mood of the market is going to change in the second half of this year. The brokerage firm believes that now investors will pay more attention towards ‘value shares’ instead of ‘growth shares’. Those stocks whose valuations are attractive now and which were underperforming for a long time, may now see a big rise.
Largecap companies and the banking sector are expected to get the biggest benefit from this change. Goldman Sachs has advised investors to bet on largecaps instead of midcaps, and value stocks instead of growth. Apart from this, it would be more beneficial to focus on those companies whose entire business is dependent on India’s domestic demand than on the exporting companies.
15 big stocks raising hopes of profit
For the times to come, Goldman Sachs has described the defense and energy security theme as structurally very strong. Along with this, the firm has increased its bets on utility, bank, tourism, TMT and energy refinery sectors.
Keeping these strong sectors in mind, the brokerage has released a list of 15 such largecap stocks, which can become the biggest beneficiaries of this boom. These top picks include Reliance Industries, HDFC Bank, Adani Enterprises, Adani Power, Kotak Mahindra Bank, and NTPC. Apart from this, Hindustan Aeronautics (HAL), Eternal, Power Grid Corp, Adani Green, InterGlobe Aviation, HDFC Life Insurance, Indian Hotels, Mazagaon Dock and MakeMyTrip have also been given a special place in this list.
Confidence returned in the market after the disappointment of March
It is noteworthy that in March this year, Goldman Sachs had reduced its rating on the Indian market. Then the firm had reduced the target of Nifty citing increasing tension near the Strait of Hormuz and continuously high prices of crude oil. He feared that companies’ profits might decline due to ‘energy shock’. But, now the situation has improved rapidly. Softening of oil prices and strong growth rate on the domestic front have left all those concerns behind, which has once again laid the foundation for a long race in the market.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
