Morgan Stanley now sees an upside of almost 10% from current levels for the S&P BSE Sensex by the year-end, even as the gauge has climbed more than 7% in two sessions, disregarding concern over valuations in one of Asia’s most expensive equity markets.
MUMBAI: India’s plan to spend its way out of the coronavirus funk is capturing the imagination of stock watchers, with some rushing to revise higher their targets for the nation’s equity benchmarks.
Morgan Stanley now sees an upside of almost 10% from current levels for the S&P BSE Sensex by the year-end, even as the gauge has climbed more than 7% in two sessions, disregarding concern over valuations in one of Asia’s most expensive equity markets.
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