Morgan Stanley on Tuesday lowered its target for the headline Sensex index by 11,000 to 82,000. Earlier, the global ratings major had a target of 93,000 for the 30-scrip equity benchmark.
The new target implies an upside of 6,842.7 points, or 9.1 per cent, from the previous close.
The development comes at a time when markets globally are in the process of recovering from trade tariff-related jitters ever since US President Donald Trump triggered a trade war by introducing what he described as “Liberation Day tariffs” on most of America’s trade parners.
At Friday’s closing, the Sensex has fallen about 2,981.8 points, or 4.0 per cent, so far in 2025.
Many analysts believe that while while US President Donald Trump’s cooling stance on tariffs sends positive signals for markets for now, but concerns persist whether fresh esalations in the ongoing tariff war may once again fuel fears about slower economic growth or cause inflationary pressure.
Earlier in the day, Zee Business Managing Editor Anil Singhvi said that only four things happening at once can cause a new bottom on Dalal Street. These are:
- Fresh escalations in tariff war
- Weakness on Wall Street
- Bad corporate results
- Weak monsoon season
(This is a breaking news story. More details will be added shortly)
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