Why Sensex could reach 68,500 by the end of 2023.

Morgan Stanley forecasts that BSE Sensex's 30 shares could reach 68,500 shares by the end of December 2023, expecting a strong rise in commodity prices and steady growth in the domestic economy. The global financial firm said the aforementioned mark applies to the Dalal's leading benchmark index, and expects Street to trade at a trailing P/E of 20.5, up from a 25-year moving average of 20. . The premium over historical averages reflects growing confidence in medium-term growth.A Morgan Stanley research report underlines the rationale for this upbeat prediction for Sensex, stating: The US is out of recession, the RBI ends with her 6.5% repo, and government policies continue to be supported with strong infrastructure investment. Sensex revenue grows 2025% annually through his F22E.

Morgan Stanley believes all markets will go through bullish and bearish phases and the forecast above is for normal markets. The Sensex can reach up to 52,000 readings on the downside.

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