Market Goldman Sachs upgrades India to 'overweight', expects Nifty to reach 12,500 in 12 months Updated : March 19, 2019 12:12 PM IST Global investment banker Goldman Sachs upgrades India's outlook back to 'overweight' Nifty recovered 65% of its YTD on the back of heavy foreign institutional inflows (FIIs) and on expectations of a potentially stable government. Goldman Sachs expects Nifty to reach 12,500 this year with 16% earnings growth. 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.