Goldman Sachs sees Nifty50 at 14,100 levels by December 2021

After a subdued performance for most part of the year, Indian equities are entering Samvat 2077 at record highs.

Even as markets are at the cusp of entering Samvat 2077 at record highs, foreign brokerages are turning bullish on Indian equities and see more headroom over the next one year. Goldman Sachs, in a report dated November 11, has pegged December 2021 Nifty50 target at 14,100 – up nearly 11 per cent from the current levels.

The research and brokerage house has also raised India’s rating to overweight in its regional strategy, as it believes the country is ‘most positively sensitive’ market to vaccine optimism. Besides India, Goldman Sachs favours China (A & H) and Korea.

“We expect 18