Sensex can hit 1 lakh in a year in bull case, says Morgan Stanley; prefers domestic cyclicals over defensives

Morgan Stanley has set Sensex base case target of 89,000 by June 2026, reflecting an 8% upside from current levels. However, under its bull case scenario — which it assigns a 30% probability — the brokerage projects that the Sensex could touch 1 lakh as early as June 2026.

Markets