Stock Market Today: Sensex Rises 260 Points, Nifty Above 25,550; Goldman Sachs Sets 29,000 Target for 2026
Indian markets open the week on a strong note with all sectors trading in the green, led by IT, metal, and PSU bank stocks.
The Indian stock market opened the week on a bullish note, with the Sensex rising over 260 points and the Nifty crossing the 25,550 mark in early trade.
Positive global cues and improved domestic economic indicators boosted investor sentiment across sectors.
Global brokerage firm Goldman Sachs has upgraded its outlook on India to “Overweight”, setting a 29,000 target for the Nifty by 2026.
According to the firm, “India’s strong earnings growth, sustained domestic investments, and reform-oriented economy will drive robust market performance in the coming years.”
📈 Key Market Drivers
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Goldman Sachs sets a 29,000 Nifty target by 2026.
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Anticipation of an end to the U.S. government shutdown, bringing global stability.
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Strong quarterly results from Nykaa and Kalyan Jewellers; mixed results for Bajaj Auto and Trent.
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Both FII and DII remain aggressive buyers in the market.
💰 Foreign & Domestic Flows
After six consecutive days of selling, Foreign Institutional Investors (FIIs) turned net buyers, purchasing stocks worth ₹4,600 crore on Friday.
Meanwhile, Domestic Institutional Investors (DIIs) continued their buying streak for the 50th straight session, with a net inflow of ₹6,675 crore — including Bharti Airtel’s ₹10,350 crore block deal.
🌎 Global Market Sentiment
U.S. markets closed higher on optimism surrounding the potential end of the 40-day government shutdown.
The Dow Jones gained 500 points intraday before closing 75 points higher.
GIFT Nifty traded steady around 25,575, while Dow Futures rose 100 points.
🇨🇳 Relief from China
China announced it would postpone the export ban on Rare Earth Minerals for one more year, providing relief to U.S. chip and defense companies and boosting global sentiment.
🏢 Earnings Highlights
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Strong Results: Kalyan Jewellers, NALCO
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Mixed Results: Bajaj Auto, Trent, Nykaa, Torrent Pharma
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Weak Results: Petronet LNG
Upcoming Results: Bajaj Finance, ONGC, Vodafone Idea, KPIT Tech, HUDCO, and Solar Industries.
📊 IPO Updates
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Lenskart IPO received an overwhelming response, subscribed 28 times, and listed at ₹402.
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Pine Labs IPO saw a slow start with just 13% subscription on Day 1; price band ₹210–₹221.
