Beyond Gold: Why Morgan Stanley Says Sensex is Now ‘As Inexpensive As It Gets’
The Indian markets are experiencing a rise in prices, with Sensex being cheaper in terms of gold, showing it is undervalued. Morgan Stanley reports a shift towards equities from physical assets like gold and real estate, as they are undervalued compared to gold. More households are now investing in equities due to improved macro stability and structural changes in balance sheets.