New Delhi, May 21 -- The recent correction of the Indian stock market from the September 2024 highs presents a compelling opportunity to invest in India's long-term growth story, according to global brokerage Morgan Stanley. While the firm has revised its base case Sensex target for June 2026, it also predicts the index reaching the 1,00,000 mark under its bull case scenario.

In its latest outlook, Morgan Stanley has set Sensex base case target of 89,000 by June 2026, reflecting an 8% upside from current levels. However, under its bull case scenario - which it assigns a 30% probability - the brokerage projects that the Sensex could touch 1 lakh as early as June 2026.

"Our new Sensex June 2026 target of 89,000 (8% upside) bakes in our ne...