New Delhi, Nov. 20 -- The global investor sentiment towards India is showing a clear shift. After months of underperformance and caution on the Indian stock market, major global brokerages like Goldman Sachs and HSBC have upgraded the Indian stock market outlook, signalling that Dalal Street might be entering a more constructive phase.

Signs of earnings revival, easing valuation concerns, and possible return of foreign portfolio investors (FPIs) to India are some of the triggers that have sparked a turnaround in sentiment, with the domestic investor inflows and government reforms offering support.

Goldman Sachs, earlier in November, reversed its October 2024 downgrade, as it raised its rating for the Indian stock market to "overweight" ...