Sensex to hit 89k by June 2026 on robust domestic growth: Morgan Stanley

GLOBAL brokerage firm Morgan Stanley expects India's equity market benchmark - BSE Sensex - to hit the 89,000 mark by June 2026, indicating a growth of around 8% from its current level.

- ENS ECONOMIC BUREAU @ New Delhi

Sensex on Wednesday closed at 81,597, up 0.5%. The index has gained 4% so far this year and risen 10.3% in a year. Morgan Stanley said there is a 50% chance of Sensex hitting 89,000 (base case scenario) by June 2026, assuming there is robust domestic growth, slow growth in the US but no recession and benign oil prices. In case it a bull scenario, probability of which is 30%, the brokerage says the headline index can hit 1 lakh mark.