Market Goldman Sachs bullish on Indian equities; Nifty target at 12,500 in 12 months Updated : March 19, 2019 04:12 PM IST Goldman Sachs had lowered India to "marketweight" in September on macroeconomic, earnings, rich valuations and political risks. Saying that over the past month, the Nifty has rallied 8 per cent and recovered 65 per cent of its year-to-date under-performance as against the region. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.