New Delhi, Feb. 2 -- Global investment bank Morgan Stanley has reiterated a constructive view on Indian equities following the Union Budget, placing an overweight stance on Financials, Consumer Discretionary and Industrials, according to its latest report.

The report said the Budget sends a strong signal on the government's future growth priorities, with the speech almost beginning with a reference to semiconductors. This, Morgan Stanley noted, reflects a major shift in the government's approach towards technology-led growth and advanced manufacturing.

It stated, "We remain constructive on Indian equities - Overweight Financials, Consumer Discretionary and Industrials"

According to the report, these sectors are well placed to benefit f...