The Indian stock market has been on an upward trend, with experts expressing optimism about the future of the BSE Sensex index. Morgan Stanley has projected that in the coming months, the market may experience further rallies, potentially reaching 107,000 by the end of 2026. Following a prolonged period of decline, this renewed growth presents a significant turnaround for investors.

The global brokerage firm estimates that the Sensex could reach around 95,000 by December 2023, suggesting a 50% probability of this outcome. Additionally, Morgan Stanley has indicated a 30% chance that the index could surpass the 100,000 mark, highlighting the positive sentiment surrounding the market as it rebounds from recent lows. These projections reflect growing confidence in the Indian economy and its financial markets.

A crucial factor in these projections is the price of crude oil, which, if maintained below $60 per barrel, could support robust domestic growth and stable global growth. These economic indicators are vital for the stock market's progression, and experts believe that continued favorable conditions will be essential in sustaining the anticipated growth of the Sensex in the near future.