Morgan Stanley predicts Sensex will hit 89,000 by June 2027

Morgan Stanley analysts predict the Indian stock market index, the Sensex, could reach 89,000 by June 2027. In their base case scenario with a 50 percent probability, the brokerage attributes this outlook to improved equity valuations, stronger private investment, and lower oil prices. The firm projects annual earnings compound growth of 16 percent through fiscal year 2029. Lead analyst Ridham Desai highlighted solid high-frequency indicators as the primary driver for optimism. He noted that investment-to-GDP ratios are projected to climb to 37.5 percent over five years. Desai cited an undervalued currency, benign monetary policy, and recovering consumer sentiment as key supports. In contrast, Asian Development Bank's Asia Pacific Regional Office (AMRO) reported September 2026 assessments on Thailand's economy. AMRO stated growth performed better than expected despite Middle East energy shocks. Growth is projected at 2.4 percent for both 2026 and 2027 with inflation at 1.6 percent in 2026. AMRO acknowledged uneven expansion where technology sectors grew while small and medium-sized enterprises remained weak.