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Morgan Stanley has projected a strong recovery in Indian equities in its latest India Equity Strategy Playbook.
Morgan Stanley has set a Sensex target of 95,000 by December 2026.
KEY POINTS
- Indian equities are trading at historically attractive valuations, near their cheapest-ever levels in gold terms.
- India’s share in global profit pools now exceeds its index weight by a record margin.
- Morgan Stanley prefers domestic cyclicals, overweighting financials, consumer discretionary, and industrials sectors.
COMPANIES
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