Morgan Stanley raises Sensex target to 28,800

Says budget will help revive investor sentiment, boost earings

Morgan Stanley has raised its June 2015 target for the Sensex by 9% to 28,800, saying the budget on Thursday would help revive investor sentiment and boost earnings.

The target would mark a 13.5% gain from BSE's close on Thursday.

BSE earnings expectations from Morgan Stanley are 13.5% for FY15, 22.7% for FY16 and 23.4% for FY17.