Sensex may hit 80,000 by 2023- Morgan Stanley
时间:2024-06-26 17:12:11 阅读(143)
By Siddhant Mishra
The Sensex may hit the 80,000-mark by the end of the next calendar year if the country is included in global bond indices and prices of commodities, such as oil and fertilisers, drop sharply, Morgan Stanley analysts said on Monday. The inclusion could result in nearly $20 billion of inflows over the next 12 months, the brokerage said, while making a bull case for a 30% chance of the blue-chip index hitting the number.
Also read: Nifty, Sensex showing no signs of reversals after ending at record highs today; traders eye Fed chair’s speech
However, the base case is for the Sensex to breach 68,500-mark by December 2023, a 10% upside from current levels. This is assuming the elevated commodity prices resulting from the Russia-Ukraine war do not spill over to 2023, domestic growth stays on a strong path and the US doesn’t slip into recession.
While emerging markets are likely to benefit from a more benign world vis-à-vis 2022, and given India’s trailing outperformance and rich relative valuations, Indian equities will likely see a retracement of relative gains, the report said.
Morgan Stanley is overweight on consumer discretionary, industrials, financials and technology.
猜你喜欢
- Mahindra & Mahindra, Reliance Industries, MPS, SBI, HCL Tech, BEL stocks in focus
- Israel escalates offensive in Northern Gaza amid rising tensions! Biden, Netanyahu discuss military objectives
- ITC, IndusInd Bank, HUL, Vodafone Idea, NDTV, Axis Bank, Asian Paints stocks in focus on weekly F&O expiry
- Indian rupee expected to appreciate amid rise in global markets risk appetite; dollar index may decline till 101
- India’s crude oil production falls 1% in April
- Indian Rupee falls for 6th straight month in June; may remain patchy on capital outflow, dollar liquidity
- Lower edible oil import duty to stay till March 31, 2025
- India’s amateur investors falling prey to WhatsApp, Telegram, social media scam gurus
- IPL 2023 pitches for cricketing thrills, 7 top performers who put their opponents at sixes and sevens - See Photos