Morgan Stanley Bullish on Indian Securities Market Regardless Of Global Worries
Regardless of prevailing financial headwinds, Morgan Stanley forecasts the BSE Sensex to get to 89, 000 within the next year, signaling a 15 % upside possible via June 2027
- Target: Sensex at 89, 000, with 50 % likelihood, driven by self-confidence in India’s medium-term growth.
- Key Chauffeurs: Accelerated earnings post-mid-cycle slowdown, RBI price cuts, strong capex in tactical markets, and durable residential growth.
- Sectoral Preference: Overweight on financials, customer discretionary, and industrials; undernourished on energy, materials, energies, and medical care.
- Bear Case: Sensex declining to 66, 000 as a result of higher petroleum rates, hawkish financial plan, and global slowdown.