India is ending 2025 with its worst relative performance versus the emerging markets (EM) since 1994, Morgan Stanley said. Relative valuations, they believe, have corrected meaningfully
Morgan Stanley’s managing director and chief India equity strategist, Ridham Desai explains the fundamental macroeconomic transformation that has made him turn bullish on India after years of caution.
At the Business Standard BFSI Summit, Morgan Stanley's Ridham Desai said India's weak market performance this year mirrors global trends, and the country is expected to outperform in the next downturn
This holding is nearly 88.8 per cent of India's gross domestic product (GDP), the note said; and at the current market value is about 3.1x times the current equity stock holding with Indian households
From Ridham Desai of Morgan Stanley, Wei Li, Global Chief Investment Strategist, BlackRock Inv. Institute and Shridatta Bhandwaldar of Canara Robeco MF, here is the market strategy of leading analysts
As an investment strategy, Morgan Stanley remains overweight on financials, consumer cyclicals, and industrials; and are underweight on energy, materials, utilities and healthcare.
The risk-reward for the Indian markets, Morgan Stanley said, is turning favourable, and see the Sensex at 93,000 levels by December 2025 - up 25 per cent from the current levels as their base case.
Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget
Earlier in November 2022, Morgan Stanley had reiterated its stance on the Indian markets and said that the bull-run remained intact. Back then, they expected the Sensex to hit 80,000 levels by Dec '23
Despite a record rise in trading by retail investors over the past eight years, Indian households remain "dramatically" underweight in the asset class, says Ridham Desai
In a bull-case scenario (30 per cent probability), Morgan Stanley expects the Sensex to hit 75,000 by December 2022-end and sees the 30-share index at 45,000 by the year-end in a bear case scenario
