Morgan Stanley, a global investment bank and wealth management firm, predicts that the Sensex will reach 82,000 by June 2025. The brokerage noted that current share prices have not yet accounted for several macroeconomic positives.
It further indicated that while India's bull market is aging, it remains young in terms of returns.
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Morgan Stanley notes that the BJP led NDA retaining its majority ensures policy predictability, which benefits equities.
The election outcome is likely to lead to more structural reforms and supports Morgan Stanley's forecast of 20% annual earnings growth over the next five years.
The brokerage also advises investors to stay invested, stating that this is set to be India's longest and strongest bull market.