Indian stock market to recover as growth cycle rebounds, says Morgan Stanley; sets Sensex target at 89,000
Stock market strategy: Morgan Stanley’s base case (50% probability) has a Sensex target of 89,000 by June 2026, implying a trailing P/E of 23.5x, above its 25-year average. In its bull case, the brokerage has a Sensex target of 100,000, while its bear case pegs the index at 70,000.
Stock market strategy: Morgan Stanley’s base case (50% probability) has a Sensex target of 89,000 by June 2026, implying a trailing P/E of 23.5x, above its 25-year average. In its bull case, the brokerage has a Sensex target of 100,000, while its bear case pegs the index at 70,000.
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