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Morgan Stanley Favorable on Indian Stock Market Despite Global Problems
In spite of prevailing economic headwinds, Morgan Stanley projects the BSE Sensex to get to 89, 000 within the next year, indicating a 15 % upside potential through June 2027
- Target: Sensex at 89, 000, with 50 % chance, driven by self-confidence in India’s medium-term growth.
- Secret Chauffeurs: Increased profits post-mid-cycle downturn, RBI rate cuts, strong capex in critical industries, and robust residential growth.
- Sectoral Choice: Overweight on financials, customer discretionary, and industrials; undernourished on energy, materials, energies, and health care.
- Bear Instance: Sensex decreasing to 66, 000 because of greater petroleum costs, hawkish financial policy, and worldwide stagnation.
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