New Delhi, Aug 3 : BSE Sensex was down 565 points in trade on Thursday afternoon as the market absorbed the impact of the US downgrade.
Sensex was trading at 65,216 points after a steep fall yesterday.
Titan led the Sensex losses down more than 2 per cent.
Morgan Stanley has upgraded India to overweight.
India rises from number 6 to number 1 in our process, with relative valuations less extreme than in October, while MS macro, strategist and bottom-up analyst scores reflect MS Blue Paper thesis on Indias Decade.
Our call last October for the beginning of a new bull market in Asia/EM equities is increasingly priced, with MSCI EM up 24 per cent since the late-October trough, 5 per cent below our June 2024 target of 1,100.
Australia moves down to number 22 of 27 markets in our framework, Morgan Stanley said.
Taiwan moves down to number 7 in our framework.
It downgraded MSCI China to equal weight as growth and valuation concerns remain: MSC China is now within 7per cent of our target of 70 and has delivered 9 per cent total returns since December 4, in line with MSCI EM.
san/dpb
#Sensex #Delhi #StockExchange #SenSex #Nifty #India #Economy #China #Delhi #New Delhi #BSE .
Latest News
Download App
Channels
HomeEnglish NewsTeluguStop Exclusive StoriesFlash/Breaking NewsTrending NewsPoliticalMovieHealth TipsCrime NewsMovie ReviewsNRI NewsViral VideosBhakthi/DevotionalPress ReleasesViral StoriesQuotesPhoto TalksBaby Boy NamesBaby Girl NamesCelebrity ProfilesFollow Us!
Contact Us!
TeluguStop.com Media, Siya Residency, Sri Sri Circle, Khammam, Telangana- 507002info@telugustop.comPh No : 999-279-9973
About Us!
About UsJobsAdvertisingDMCA / RemovalTerms of UsePrivacy Policy