Business Desk: There is a decline in markets around the world including India. Uncertainty remains in the markets due to increasing geopolitical tensions globally and Donald Trump’s tariff policies.

However, analysts at brokerage firm Morgan Stanley believe that the Indian stock market will show strength soon.

Morgan Stanley’s estimate

By December 2025, the Sensex may reach the level of 1,05,000, which will be 41% higher than the current level.

In the base case, the Sensex is estimated to reach the level of 93,000, which shows an increase of 25%.

In the bear case, the Sensex may fall to 70,000, which will be a decline of 6% from the current level.

According to the report, the risk-reward ratio of investment in the Indian market is currently in favor and investors are seeing good prospects here.

What do experts say?

According to Morgan Stanley’s report, the risk-reward factor for the Indian stock market remains positive. Experts estimate that the Sensex can reach the level of 93,000 by December 2025, which will be 25% more than the current level. However, if the influence of bears (bearish trend) increases in the market, then the Sensex can also fall to the level of 70,000.

Morgan Stanley India Research Head Ridham Desai and his team say, “According to our estimate, the Indian stock market may remain under some pressure this year due to the global economic slowdown, but its position remains strong in the long term.”

The report also states that the valuation of the Indian market has become attractive since Kovid, creating good opportunities for investors.

Which sectors are experts bullish on?

Desai and his team have maintained a positive outlook (bullish) on some sectors, including:

Defense sector

Smallcap and midcap stocks

Largecap stocks

Apart from this, he has given overweight rating to financial, industrial, consumer-focused and technology sectors, that is, there are good investment opportunities in these sectors.

Shares of these companies are called overweight

Mahindra & Mahindra, Maruti Suzuki, Trent, Bajaj Finance, ICICI Bank, Titan Company, L&T, UltraTech Cement and Infosys have been called overweight stocks by Desai