Sensex at 95,000? Morgan Stanley bets on 22% surge as market ‘bottom’ nears
Morgan Stanley sees Indian equities entering a recovery phase with improving earnings and low valuations, projecting a sharp upside for Sensex over the next two years.
Morgan Stanley sees Indian equities entering a recovery phase with improving earnings and low valuations, projecting a sharp upside for Sensex over the next two years.
Foreign investors have injected close to Rs 33,700 crore in domestic equities so far in September, according to data available with the depositories.
According to Gaurav Garg, Head of Research at CapitalVia Global Research: "The Indian Benchmarks has cut some of its losses in the late morning session. Negative cues from other Asian markets impacted the domestic sentiments."
Among sectors Power, Metals, Consumer Durables, Capital goods, Automobiles and Telecom are the main gainers so far whereas Realty index is marginally in the red.
In terms of sectors, Media, Realty, PSE, Energy and Auto gained the most.
With the return of investments in August, net FPI investments into equities segment in 2020 have again breached the Rs 50,000 mark.
The BSE Sensex ended 230 points higher on Wednesday as the stock markets recovered from a sharp dip in the mid-afternoon session to post gains for the fourth straight session.
Globally, gold fell 0.11 per cent to USD 1,204.80 an ounce and silver by 0.07 per cent to USD 14.23 an ounce in Singapore.
The two key indices — NSE Nifty50 and the S&P BSE Sensex — ended on a positive note for the second consecutive week.
Equity benchmarks of Bombay Stock Exchange and National Stock Exchange resumed on a positive note for the week that is…
