The Indian equity markets staged a sharp recovery today, Monday, November 10, 2025, with both the BSE Sensex and NSE Nifty 50 indices closing significantly in the green. The market rally was fueled by renewed buying interest from Foreign Institutional Investors (FIIs) and a major positive outlook issued by the global brokerage firm, Goldman Sachs.

The Sensex rose by 319 points (0.38%) to close at 83,535.35, while the Nifty 50 gained 82 points (0.32%) to finish above the 25,500 mark.

FIIs Return and Global Optimism

The market shrugged off its recent losing streak on the back of several key drivers:

• FII Buying: Data showed that Foreign Institutional Investors were net buyers on Friday, purchasing equities worth ₹4,581.34 crore, signaling a return of foreign capital that had been cautious in previous sessions.
• Sectoral Strength: The rally was broad-based, with strong buying seen in sectors like IT, Financials, and Energy stocks. Top gainers included Infosys, HCL Technologies, Bajaj Finance, and Reliance Industries.
• Global Cues: Positive trends in Asian and US markets, supported by the potential resolution of global geopolitical issues, provided a supportive backdrop for the domestic rally.

Goldman Sachs Issues Major Upgrade and Nifty Target

A significant catalyst for the market’s enthusiasm was the announcement from Goldman Sachs, which upgraded its stance on Indian equities today, moving from “Neutral” to “Overweight.”

This upgrade reflects the firm’s renewed confidence in India’s equity markets, citing improving earnings and better investor sentiment after a year of relative underperformance.

• New Nifty Target: Goldman Sachs set a Nifty 50 target of 29,000 by December 2026, suggesting a potential upside of approximately 14% from current levels.
• Key Investment Themes: The brokerage identified Financials, Consumer Staples, Defence, and Oil Marketing Companies (OMCs) as the key sectors expected to lead the next phase of growth, driven by domestic demand, capital expenditure, and strong corporate balance sheets.

Market analysts believe that robust domestic macroeconomic indicators and a solid Q2 corporate earnings season will lead to upward earnings estimate revisions, providing strong support for current valuations and attracting further liquidity into the Indian market.

Discover more empowering stories and insightful content like this on YOUxTalks, your go-to destination for inspiration and knowledge.

Follow YOUxTalks on Instagram: https://www.instagram.com/youxtalks