While India ranks among the top three in the emerging market basket in terms of GDP, it barely makes it into the top 15 in terms of index weight.
According to the global financial services major, both CPI and WPI inflation have troughed in June and are expected to rise further in the coming months.
Motilal Oswal has maintained a neutral stance on BPCL while Morgan Stanley has retained an overweight rating on the stock expecting an earnings turnaround on counter cyclical capacity growth and product quality upgrade.
FIIs add HDFC Bank and ICICI Bank, but sell Infosys.
Morgan Stanley Research has revised the headline CPI forecast for calender year 2017 to 3.1 per cent from 3.6 per cent earlier and for 2018 to 4.3 per cent from 4.6 per cent earlier.
Citi and Credit Suisse has maintained a neutral rating on Maruti Suzuki with target price of 6,500 and Rs 6,800 respectively while on the other hand, Morgan Stanley and JP Morgan has an overweight rating on the stock with target price of Rs 8,784 and Rs 8,100 respectively.
Morgan Stanley has maintained an overweight rating on Bharat Financial Inclusion with a revised target price of Rs 950 from Rs 860 with the stock gaining 4 percent intraday.
While oil imports and gold and silver imports growth dipped on a month-on-month basis, non-oil, non-gold imports continued to post strong double-digit growth during June.
After Bajaj Finance reported a 42 percent jump in net profit, broking firms like Morgan Stanley, Jefferies and Motilal Oswal has retained a buy rating on the stock. The company also approved the proposal of Rs 4,500 crore fund-raising by issuing debt securities through qualified institutions placement.
The company has reported 10 percent Y-o-Y growth in F1Q18 standalone EBITDA, to Rs 1560 crore, while the revenues grew 6 percent Y-o-Y, to Rs 6600 crore, which is supported by strong realization.
What the past three bull markets teach us is that valuations are still not at levels that signal an end to the bull market.
ITC which holds a weightage of 7.2 percent in Sensex was the biggest contributor for the declines in the index.
Morgan Stanley said Tata Motors and Tata Steel should be the biggest positive contributors to Sensex earnings.
Shree Cements is the top pick in the cement space, while Dalmia Bharat is a preferred mid-cap play.
Morgan Stanley has retained equal-weight rating of Godrej Properties with a target of Rs 475.
According to the research house, Tata Steel, Dr Reddy's Labs and Tata Motors will likely see the fastest net profit growth, while Bharti Airtel, Sun Pharma and Lupin should be the laggards.
The market is far from pricing in a multiyear growth cycle, implying significant upside potential in the next 3-5 years.
The group has named Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank as joint global coordinators for a bond offering, it said in an announcement on Thursday, without disclosing the amount it plans to raise.
Morgan Stanley has put out a target price of Rs 1472 which translates into an upside of 35 percent from current levels.
Morgan Stanley expects SAIL to report an EBITDA loss in 1QF18, despite improved volumes.
Morgan Stanley is bullish on Titan Company and has added retail stock in GEMs and APxJ focus lists. The brokering firm has removed Tata Motors from the list.
Morgan Stanley in its latest note on tactical ideas gives out a list of five names which they think could fall from current levels and some could well rise from here
The fundamentals of Indian markets has improved considerably from 2000.
Both domestic and foreign investors are focused on long-term growth in India than just the market, says Sanjay Shah, Co-Country Head & Co-Head of Indian Equity Business. Morgan Stanley.
While he reiterated the company’s full-year revenue forecast, Rao said the consulting business continues to be under pressure