Ridham Desai's Sensex target 2023

In a report on the prospects for India's stock strategy, Ridham Desai of Morgan Stanley.

said, India's relative gains may take a breather in 2023

Ridham Desai said, expecting about 10% upside to BSE Sensex (target: 68,500) in base case scenario

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while we expect the domestic bid on shares to continue and also predict buying by foreign portfolio investors.

The market should begin incorporating its perspective on the general elections in 2H2023.

According to Desai, there might be: An FPI bid might result from low FPI positioning in 2023.

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