New era of Indian equity outperformance is dawning: Morgan Stanley

In India, Morgan Stanley believes, the situation is in stark contrast to that in China. India, it said, is arguably at the start of a long wave boom

A new era of Indian equity market performance versus China is dawning, according to Morgan Stanley, which has upgraded India to overweight in its Asia Pacific-ex Japan (APxJ) list, and is now their most preferred market in not only in this region, but also in the global emerging market (GEM) pack.

India, according to Morgan Stanley, is the numero uno market in this category with a weight of 75 basis points (bps) now as compared to nil earlier.

Stock market LIVE: How are markets reacting to the upgrade?

"India rises from no. 6 to no. 1 in