Why is Morgan Stanley in confidence?
This report called ‘India Equity Strategy Playbook’ states that India’s economy rests on a strong foundation. The main reasons behind the continuous increase in population, democracy, stable policies, better infrastructure, entrepreneurship wave and social reforms are the main reasons behind this.
If there is a trade agreement with the US, private investment and debt accelerate, trade with China is better, and crude oil prices are below $ 65 per barrel, then it is possible to cross the Sensex to cross 1 lakh of the Sensex. Also, government’s steps like cuts and agricultural reforms can also play a big role.
Base Case: Sensex will reach 89,000
Morgan Stanley has also described a ‘base case’, in which the Sensex has expressed 50 percent of the possibility of reaching 89,000 by July 2026. It has been assumed that India’s economic stability will remain, private investment will accelerate, and America will be saved from recession.