Indian stock market, Nov. 10 -- Global brokerage Goldman Sachs reversed its October 2024 downgrade, as it raised its rating for the Indian stock market to "overweight" from "neutral", citing sees strengthening earnings momentum and policy tailwinds supporting growth.

The global brokerage has set a 2026 year-end target of 29,000 for the Indian stock market's benchmark index Nifty 50, implying a 14% upside from Friday's close, according to a Reuters report.

The Nifty 50 index has risen about 8.5% year-to-date (YTD) but lagged other emerging markets in one of their strongest years as the earnings slowdown, foreign investor selloff and tariff concerns weighed on investor sentiment.

However, Goldman Sachs analysts believe that the "year-lon...