Morgan Stanley anticipates Indian equities will reach new peaks, projecting the Sensex to hit 89,000 by June 2026, a 10% increase from Monday’s close. High growth, low volatility, and declining interest rates are driving higher Price to Earnings ratios. The brokerage highlights potential catalysts like a US trade deal and increased capital expenditure, noting weak foreign portfolio investor positioning.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets