Morgan Stanley bullish on Indian equities, sees reversal of de-rating
Morgan Stanley turns constructive on Indian equities, citing cyclical de-rating is set to reverse with growth acceleration. It has set a June 2027 target of 89,000 for the BSE Sensex, preferring domestic cyclicals over defensives. Global brokerage Morgan Stanley has turned constructive on Indian equities, arguing that the recent underperformance and valuation de-rating of domestic … Read more