Global brokerage Morgan Stanley says the BSE Sensex is “cheapest ever in gold terms” despite recent market weakness amid geopolitical tensions. The firm sees a base-case target of 95,000 and a bull-case target of 107,000 by December 2026, implying strong upside. Analysts argue the current sell-off is driven by global flows and risk-off sentiment, not weak fundamentals, making it a potential buying opportunity in high-quality Indian equities.
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