New Delhi, June 5 -- Indian stock market offers a compelling long-term investment opportunity amid heightened global uncertainty, Morgan Stanley said. The firm sees India as a relative outperformer even in a challenging global macro environment, backed by robust domestic fundamentals and structural drivers of growth.

In its latest equity strategy report, the global brokerage maintains a constructive view on India, pegging its BSE Sensex target at 89,000 by June 2026. In a more optimistic bull-case scenario, the firm forecasts the Sensex could touch the 1 lakh mark.

Morgan Stanley argues that the Indian equity market has shown remarkable resilience since September 2024, digesting multiple layers of negative news - ranging from correction...