The analysts at the Morgan Stanley have suggested that the correction in the Indian stock market is over. They said the key factors driving India’s underperformance compared to emerging market (EM) peers are reversing.

Morgan Stanley highlighted that in a bull-case scenario (attaching a 30 per cent probability), Morgan Stanley sees the Sensex hitting the 100,000 mark by June 2026.

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Their base-case scenario (50 per cent probability) pegs the Sensex at 89,000 levels, which is up around 6.6 per cent from the current levels, while their bear-case scenario pegs the index at 70,000 mark (down 16 per cent from the current levels) to which they have assigned 20 per cent probability.

It is further believed that the Indian stock market is transitioning into one that will be driven b

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