Analysts at Morgan Stanley have some news for traders and financial enthusiasts. According to the reports, Analysts at Morgan Stanley led by Ridham Desai have cut the December 2025 Sensex target by 12%. The earlier prediction stood at 93,000 levels, which has now come down to 82,000 levels. Morgan Stanley has attached “a 50 per cent probability of the index hitting this mark by December 2025.”
Talking about investment strategies, Morgan Stanley stated that it’s maintaining weight on financials, consumer cyclicals, and industrials and is underweight on energy, materials, utilities and healthcare. “While India’s domestic growth cycle could be on the mend, a global recession or a near recession would challenge our call and keep Indian equities closer to our bear case for 2025,” remarked Ridham Desai, the head of India equity research & India equity strategist.
What are your thoughts on this latest prediction? Tell us in the comments.
Disclaimer: https://lnkd.in/gJJDnvn2
Source: Business Standard