Mumbai: Morgan Stanley has set the Sensex target of 82,000 by the end of the current year, despite the huge ups and downs in the country’s stock markets and the possibility of recession in the country’s economic growth rate amid tariff war, which is seven percent higher than the current level.
However, earlier Morgan Stanley had set a target of 93,000 points for the Sensex by the end of the year, leading to a 12 percent decline.
This estimate is based on the notion that comprehensive economic stability will be maintained through factors such as fiscal discipline and increased private investment. A report by Morgan Stanley states that strong economic growth in this estimate, sluggish increase in the US and low crude oil prices have also been taken into account.
Most of the tariffs related to tariffs have been taken. In such a situation, it is expected that short -term interest rates may see further deduction of 50 basis points.
As an investment strategy, Stanley is paying more attention to financial, consumer and industrial areas, while paying less attention to energy, utilities and healthcare.
It is also expected that the Sensex will show the level of 9100 in the rapid scenario. In March this year, Stanley predicted that the Sensex would reach 105,000 by December this year in a boom scenario.
However, the report states that some measures such as decrease in GST rates and amendment in agricultural laws are necessary to bring the Sensex to this level.
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