Goldman Sachs sees Nifty rallying to 26,500, signals nearly 9.5% upside

Renewed tensions in West Asia may fuel near-term volatility, but 'ultra-light' foreign investor positioning means there is ample room for flows to return, according to the brokerage. "Foreign selling is likely over, and sentiment should turn incrementally favourable on improved domestic outlook and ultra-light foreign positioning," said Goldman in a client note. 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. "We expect a rotation from 'Growth' to 'Value' as investors look for reasonably valued pockets in anticipation of a recovery," Reliance Industries, HDFC Bank, Adani Power, Adani Enterprises, Kotak Mahindra Bank, NTPC, Hindustan Aeronautics, Eternal (Zomato), Power Grid of India, Adani Green Energy, InterGlobe Aviation (IndiGo), HDFC Life Insurance, Indian Hotels, Mazagon Dock Shipbuilders, and MakeMyTrip are among its top 15 large-cap bets. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price