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India Stock Return Prospects To Improve In Second Half, Says Morgan Stanley
Morgan Stanley retained its Sensex target of 55,000, implying an upside potential of 12% by December.
18 May 2021, 05:01 PM IST
Indian stock market’s ongoing consolidation is improving its return prospects going into the second half of 2021, according to Morgan Stanley.While Morgan Stanley’s indicators for global liquidity and valuations currently point to negative returns over the next 12 months, its leading India indicators on growth, stability, government and Reserve Bank of India policies, and corporate earnings are “generally positive about equity return...
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