Morgan Stanley has projected that the BSE Sensex will reach 93,000 by December 2025, with a potential upside of 14 percent in its base case scenario.
The firm maintains a positive outlook for India, expecting it to become one of the top-performing emerging markets by 2025. This optimism is based on strong earnings, macroeconomic stability, and robust domestic investment flows.
In a bullish scenario, the Sensex could rise to 105,000, while a bearish outlook suggests a potential decline to 70,000. Despite a recent correction in Indian benchmarks due to foreign institutional investor selloffs, Morgan Stanley remains confident in India's market resilience and considers it the market to beat. The brokerage emphasizes the long-term narrative, which is supported by consistent government policy actions.