# Morgan Stanley India sees a 24% upside for the benchmark equity index Sensex at 95,000 points by the end of the year.

*business · news · 2026-04-09 · The Financial Express*

## Key points

- Morgan Stanley projects Sensex could reach 95,000 by year-end, a 24% upside from current levels.
- The bull-case target for Sensex is 107,000, assuming crude oil stays below $70 per barrel.
- Relative valuations are at historical troughs and Sensex is nearly the cheapest ever in gold terms.
- Foreign portfolio investors' positioning has weakened, with passive funds selling due to India's falling index weight.
- Key market catalysts include electricity sector reforms, AI-driven productivity, and a surge in buybacks.

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

[Read the full story on The Financial Express](https://www.financialexpress.com/market/morgan-stanley-sees-24-upside-in-sensex-by-december-4201621/)

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