Market could be heading for best year since 2009: Morgan Stanley

Indian equity benchmarks rallied 9 percent since the start of the year 2017, backed by domestic fund flows and stable Q3 earnings & better-than-expected GDP despite demonetisation.

March 08, 2017 / 11:54 IST

Ridham Desai of Morgan Stanley says the market could be heading for best year since 2009.

Strong net demand for equities, improving growth and reasonable valuations continue to push equities higher, he adds.

"Be prepared for upside surprises for both growth and stock returns," Desai says.

Indian equity benchmarks rallied 9 percent since the start of the year 2017, backed by domestic fund flows and stable Q3 earnings & better-than-expected GDP despite demonetisation.

first published: Mar 8, 2017 07:54 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347