Tag: Sensex target

Morgan Stanley reports that India's equities remain attractive despite high valuations due to strong earning growth prospects and increasing investment from domestic and foreign investors. With its potential for strong equity markets, the Sensex target suggests a potential upside of 10% to December 2023. Morgan Stanley is bullish on financials, technology, consumer discretionary, and industrials and has recommended cyclicals over defensives. The brokerage has retained its equal weight stance on Indian equity markets.