In a bullish outlook for Indian stock markets, Morgan Stanley has said it expects the key indices to rise 10 percent by the time the country votes in the next general elections in the summer of 2024. “We expect the market to rise 10 percent to the election date in anticipation of continuity and a majority. Post-election, we see the potential for the market to swing in a wide range, depending on the outcome,” the multinational investment bank said in the latest report, titled ‘One Billion Voters: Will They Please the Market?
“In our base case, the equity market rises by 10 percent to May 24,” it said. As it stands, voting in the world’s biggest democracy with about one billion voters will likely commence in April 2024.
Source: Devdiscourse
