New Delhi, Nov 5 (UNI) The correction in the Indian stock market is over, suggest analysts at Morgan Stanley, claiming the key factors driving the country’s underperformance compared to emerging market (EM) peers are reversing.

Morgan Stanley highlighted that in a bull-case scenario (attaching a 30 pc probability), the Sensex could hit the 100,000 mark by June 2026.

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

It is further believed that the Indian stock market is transitioning into one that will be driven by macros, and stock-picking will likely lose importance.

T

See Full Page