In a bullish outlook for Indian stock markets, Morgan Stanley has said it expects the key indices to rise 10 per cent by the time the country votes in next General elections in the summer of 2024.
The Sensex recorded a notable gain of 240.98 points, concluding at 65,628.14. Similarly, the Nifty showcased a positive performance, registering a gain of 93.50 points, settling at 19,528.80.
Indian stock indices extended their gains from the previous week and opened on a positive note Monday, with all sectoral indices tracking in the green.
Indian stock indices started Friday’s trade on a marginally positive note, with Nifty auto, Nifty metal, Nifty media, and Nifty oil and gas among the sectoral indices gaining the most.
Indian stock indices were largely steady Thursday morning, largely due to a lack of fresh cues. Sensex and Nifty were just 0.05-0.1 per cent higher at the time of filing this report.
The Sensex recorded an uptick of 79.22 points, closing at 65,075.82 whereas the Nifty also witnessed gains, rising by 36.60 points to finish at 19,345.65.