# Morgan Stanley pegs its base-case Sensex target at 95,000 for December 2026.

*business · news · 2026-04-09 · The Economic Times*

## Key points

- Morgan Stanley forecasts Sensex could reach 95,000 by December 2026, implying 22% upside.
- Sensex is currently valued at nearly its cheapest ever in gold terms, despite strong profit share.
- The bull case projects Sensex at 107,000 if oil falls below $70 and earnings grow 19% annually.
- Morgan Stanley highlights lack of direct AI play as a persistent challenge for Indian equities.
- Foreign portfolio investor exposure to Indian equities has weakened, leaving room for re-rating.

**Companies:** Morgan Stanley
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/sensex-95000-in-9-months-morgan-stanleys-ridham-desai-says-bull-market-coming/articleshow/130136131.cms)

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