Morgan Stanley expects Sensex earnings to rise 32% in FY2022 in this scenario. In a bull case scenario, Morgan Stanley estimates the Sensex to hit 61000 if the virus ebbs completely, recovery in growth is sustained, and global stimulus supports asset prices. Earnings growth reaches 37% in FY2022," Morgan Stanley said about a bull case scenario. Our leading indicators relating to fundamentals both macro and corporate earnings are generally positive about equity returns," Morgan Stanley said. According to Morgan Stanley India is stock-picker’s market, with ample alpha opportunity underscored by falling correlation of returns across stocks.

Source: Mint May 18, 2021 14:48 UTC