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Brokerage outlines bullish forecast with Sensex target at 1,05,000

Morgan Stanley’s bull case projects Sensex at 1,05,000 by December 2025, driven by consumption strength, energy transition, and resilient macro fundamentals.
Morgan Stanley issued a bullish long-term outlook projecting the Sensex could reach 1,05,000 by December 2025 in its upper case scenario. This implies a potential 41% rise from March levels. The brokerage cited India’s strong consumer demand, rapid energy transition investments, and resilient macro framework as key drivers.