Indian Markets Morgan Stanley

Earlier in November 2022, Morgan Stanley had reiterated its stance on the Indian markets and said that the bull-run remained intact. Back then, they expected the Sensex to hit 80,000 levels by Dec '23

The shares were disposed of at an average price of Rs 800 apiece, valuing the transaction to Rs 105.12 crore

In a bull-case scenario (30 per cent probability), Morgan Stanley expects the Sensex to hit 75,000 by December 2022-end and sees the 30-share index at 45,000 by the year-end in a bear case scenario

In a bull-case scenario (30 per cent probability), Morgan Stanley sees the Sensex at 61,000 levels - an upside of around 22 per cent from the current levels

S&P BSE SmallCap index has climbed over 6 per cent in January so far, outperforming the benchmark S&P BSE Sensex.

SC ruling last week not only paved the way for ArcelorMittal's purchase of Essar Steel India Ltd., but also allowed banks to set the terms of the distribution of sale proceeds among creditors