Morgan Stanley retains ‘equal weight’ on India, reduces China ‘overweight’

June 5, 2023

Morgan Stanley has retained its stance on Indian equity markets given relatively strong domestic demand, but has cut its active position on China overweight as its initial recovery momentum waned in April and May. Morgan Stanley said the US dollar’s strength is delaying the timeline for overall earnings recovery for MSCI China.

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Bank of Maharashtra Q3 Results: PAT jumps 36% YoY to Rs 1,406 crore, gross NPAs drop 24 bps

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