Daijiworld Media Network - Mumbai

Mumbai, Oct 3: Global brokerage Morgan Stanley has turned bullish on India’s growth cycle, forecasting that both earnings and market peaks lie ahead. The firm believes investors are overlooking a major structural shift in the Indian economy, prompting a reorientation of its portfolio toward domestic cyclicals.

Under its ‘Gunning for Growth’ theme, Morgan Stanley has adopted an overweight stance on financials, consumer discretionary, and industrials, while taking an underweight position on energy, materials, utilities, and healthcare. The brokerage notes that global growth slowdowns and geopolitical risks could pose challenges, but India’s relative performance is expected to improve as the recent slowdown reverses.

Morgan Stanley highlighted several str

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