Morgan Stanley sees Sensex at 107,000 by Dec’26

Base case prediction puts the benchmark index at 95,000 by end of next year

- FE BUREAU

STRATEGISTS AT MORGAN Stanley see a 30% probability of the Sensex hitting 107,000 points by December 2026 - a 27% rise - if a bull market prevails in the next year.

Even in the base case, which has a 50% probability, it predicts the Sensex to rise by 13% to 95,000, the brokerage said in a report on Tuesday. It noted that this follows Indian equities'worst underperformance in three decades in 2025.

The base case prediction for Sensex assumes a continuation in India's gains in macro stability via fiscal consolidation, increased private investment, and a positive gap between real growth and real rates.