&w=3840&q=100)
Morgan Stanley sees Sensex at 89,000 by June 2026, upside potential of 8%
"Strong macro stability with improving terms of trade, declining primary deficit, and low-inflation volatility; 2) mid- to high-teens earnings growth annually over the next three to five years, led by an emerging private capex cycle, re-leveraging of corporate balance sheets, and a structural rise in discretionary consumption…,' said Morgan Stanley equity strategists Ridham Desai and Nayant Parekh said in a note.
'…3) a reliable source of domestic risk capital; 4) a dovish RBI (Reserve Bank of India); 5) ranged oil prices; 6) two positives from the recent geopolitical event: (i) India has a new doctrine on terror which makes future terror attacks an act of war, a strong deterrent to future terror strikes, also making it easy for future governments to act decisively against terror, unlike the past and, (ii) upside surprise in military performance underscoring strong progress made in strategy, air combat, navigation.'
Morgan Stanley cited "technical supportive" factors such as persistent buying by retail investors, low volatility and foreign portfolio investors' weakest positioning since 2000.
In terms of portfolio strategy, Morgan Stanley prefers "domestic cyclicals" over *defensive and "external-facing" sectors. It is overweight financials, consumer discretionary, and industrials and underweight energy, materials, utilities and health care.
The brokerage acknowledged key risks, saying: "a global recession or near recession would challenge our call. Long-term concerns include capacity constraints in the judiciary, AI's effects on the tech industry, low productivity in the farm sector, and state-level fiscal challenges."
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Time of India
32 minutes ago
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Please give a percentage split. Q) How can investors determine the right balance between bonds, equities and hybrid instruments amid changing market dynamics? Q) Can corporate bonds fund a ₹50,000 per month 'pension'? What corpus is needed? The recent upgrade of India's sovereign rating by S&P to BBB with a Stable Outlook is poised to be a game-changer for the country's corporate bond market, according to Vishal Goenka , Co-Founder of believes the move will not only unlock lower international funding costs for large Indian corporates—whose ratings are often capped by the sovereign level—but also attract greater foreign portfolio inflows into the bond government bond yields already rallying on the news, Goenka sees India securing a stronger position in the global emerging market investment landscape, offering better risk-adjusted returns and fresh opportunities for fixed income investors. Edited Excerpts –'International country ratings cap ratings of Large Indian corporates. 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From here, policy is likely to pause and track the direction and timing of any move will also be shaped by US tariffs outcome and global policy, especially by the US Fed in think a further 25 bps is definitely on the cards for FY 26 and that we remain in the multi-year lower or stable interest rate allocation to fixed income in the overall portfolio should be higher now, given the equity volatility and the ongoing uncertain geopolitical fixed income, staying in the short end of the curve and investing in 2-3 year maturity higher yield corporate bonds will provide regular and consistent returns ranging from 8-12%, depending totally on the risk appetite and investment goals of the maturity bonds have fallen in price and now offer better yields, so a part of the portfolio can be considered for government securities in this segment. 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Economic Times
32 minutes ago
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S&P Upgrade to Boost Foreign Flows, Lower Funding Costs for Indian Companies: Vishal Goenka
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News18
an hour ago
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