After a year of choppy trade and fading momentum, Morgan Stanley believes the Sensex is ready for its next leg higher. In its latest India Equity Strategy Playbook: Is the Correction Over?, the brokerage projects the Sensex at 1,00,000 by June 2026 in its most optimistic scenario, arguing that India’s long-term growth story remains firmly in place.

The report suggested that the recent slide in equities looks more like a reset than the start of a deeper fall. “The correction has largely played out,” Morgan Stanley said, noting that the market now offers a better balance between risk and reward.

Morgan Stanley outlines Sensex range by mid-2026

In its base case, which carried a 50% probability, the brokerage expects the Sensex to reach 85,000 by mid-2026, assuming a price-to-earnings m

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