Goldman Sachs pegs Nifty target at 26,500 by June 2027; lists 15 stocks from key themes

Goldman Sachs set a Nifty target of 26,500 by June 2027, implying 10% upside from current levels after a 9% drawdown in the first half. The brokerage expects FII selling pressure to be over, with net buying of about $2 billion since mid-June following record outflows of nearly $30 billion in three-and-a-half months. It recommends going long on banks, tourism, and energy refiners, prefers largecaps over midcaps and value over growth, and lists 15 top picks including Reliance Industries, HDFC Bank, NTPC, Adani Enterprises, and Eternal.