Investing.com -- India's stock market has entered its longest bull run, surpassing the 2003-08 rally in duration but have delivered only a third of its cumulative returns. Morgan Stanley (NYSE:MS) analysts believe the current market, marked by low volatility and strong relative gains against emerging markets, still has room to grow. The ongoing rally, which began in March 2020 during the pandemic's early uncertainty, has been supported by several macroeconomic factors and structural shifts. Key factors driving the next phase include a declining primary deficit, democratisation of investing and credit, robust consumption, improved social equity with higher female workforce participation, and an energy boom. Morgan Stanley views current market valuations as reasonable, given that the earnings cycle is only midway. India's nominal GDP is expected to grow by 10-11% annually over the next five years, with corporate earnings likely compounding at 18-20%. Improving corporate balance sheets, rising private investments, and favourable external dynamics, such as reduced oil dependence, bolster the earnings outlook. Morgan Stanley favours cyclicals over defensives, highlighting financials, consumer discretionary, industrials, and technology as preferred sectors. Whereas sectors like Consumer Staples, Utilities, and Healthcare are expected to underperform. The bull market is transitioning from macro-driven growth to stock-picking opportunities, Morgan Stanley said. Small and mid-cap stocks, which have recently underperformed, are set to regain momentum. Emerging themes include private capital expenditure in areas like energy mobility, defense, and semiconductors, alongside traditional industries like cement and real estate. India’s improving macroeconomic stability and structural reforms suggest its equity market still has potential for further gains, with Morgan Stanley emphasizing the importance of sectoral and thematic plays to navigate the next leg of the rally. Related Articles India's longest bull market has more room to run - Morgan Stanley Boeing plans to increase 787 production to 10 per month by 2026 Contact lens maker Bausch + Lomb says it is exploring saleSaquon Barkley tops 2,000 yards rushing and moves within 100 of Dickerson's record PHILADELPHIA (AP) — Saquon Barkley became the ninth running back in NFL history to top 2,000 yards rushing in a season, reaching the milestone with a 23-yard run in the fourth quarter against the Dallas Cowboys. That rush gave Barkley 2,005 yards with one game left and left him exactly 100 yards from Eric Dickerson’s record of 2,105, set in 1984 for the Los Angeles Rams. Barkley could potentially top the record in next week’s finale against the New York Giants. However, that game will be mostly meaningless for the Eagles, who could opt to rest Barkley to protect him from injury ahead of the playoffs. Bills clinch the AFC's No. 2 seed with a 40-14 rout of the undisciplined Jets ORCHARD PARK, N.Y. (AP) — Josh Allen threw two touchdown passes and ran for another score and the Buffalo Bills clinched the AFC’s No. 2 seed with a 40-14 rout of the New York Jets. The Bills put the game away by capitalizing on two Jets turnovers and scoring three touchdowns over a 5:01 span in the closing minutes of the third quarter. Buffalo’s defense forced three takeaways overall and sacked Aaron Rodgers four times, including a 2-yard loss for a safety in the second quarter. The five-time defending AFC East champion Bills improved to 13-3 to match a franchise single-season record. Saquon Barkley tops 2,000 yards rushing as Eagles beat Cowboys 41-7 to clinch NFC East PHILADELPHIA (AP) — Saquon Barkley rushed for 167 yards to top 2,000 on the season, backup quarterback Kenny Pickett ran and threw for scores before departing with injured ribs, and the Philadelphia Eagles clinched the NFC East title by routing the Dallas Cowboys 41-7. Barkley has 2,005 yards and needs 101 in next week’s mostly meaningless regular-season finale to top Eric Dickerson and his 2,105 yards for the Los Angeles Rams in 1984. The Eagles led 24-7 in the third quarter when Pickett was drilled by defensive end Micah Parsons, ending his first start in place of the concussed Jalen Hurts. Penn State coach James Franklin says Nick Saban should be college football's commissioner SCOTTSDALE, Ariz. (AP) — Penn State coach James Franklin believes college football needs a commissioner and he even has a candidate in mind: former Alabama coach Nick Saban. Franklin made the suggestion Sunday at Penn State’s College Football Playoff quarterfinals media day ahead of the Fiesta Bowl. The sixth-seeded Nittany Lions are preparing for their game against No. 3 seed Boise State on Tuesday. The veteran coach was responding to a question about Penn State’s backup quarterback situation after Beau Pribula transferred to Missouri before the playoff. Pribula’s decision highlighted some of the frustrating aspects of a new college football world in the Name, Image and Likeness era and the transfer portal, forcing players to make tough decisions at inopportune times. Mayfield throws 5 TD passes and Bucs keep playoff, NFC South hopes alive with 48-14 rout of Panthers TAMPA, Fla. (AP) — Baker Mayfield threw for 359 yards and five touchdowns to help the Tampa Bay Buccaneers keep their division and playoff hopes alive with a 48-14 rout of the Carolina Panthers. The team’s fifth win in the past six weeks nudged the first-place Bucs a half-game ahead of Atlanta for the best record in the NFC South at 9-7. The Falcons played on the road later Sunday night at Washington. Atlanta holds the tiebreaker in the division race and can end Tampa Bay’s three-year reign as NFC South champions by beating the Commanders and winning again next week at home against the last-place Panthers. Lakers send D'Angelo Russell to Nets in trade for Dorian Finney-Smith, Shake Milton LOS ANGELES (AP) — The Los Angeles Lakers have traded guard D’Angelo Russell to the Brooklyn Nets for forward Dorian Finney-Smith and guard Shake Milton. The Lakers also sent forward Maxwell Lewis and three second-round draft picks to Brooklyn. Russell averaged a career-low 12.4 points per game for the Lakers this season in a diminished role under new coach JJ Redick. Finney-Smith is a steady 3-and-D wing who fills an obvious need for the Lakers. Russell is being traded by the Lakers to the Nets for the second time in his career. He also made the move in 2017. LeBron James at 40: A milestone birthday arrives Monday for the NBA's all-time scoring leader When LeBron James broke another NBA record earlier this month, the one for most regular-season minutes played in a career, his Los Angeles Lakers teammates handled the moment in typical locker room fashion. They made fun of him. Dubbed The Kid from Akron, with a limitless future, James is now the 40-year-old from Los Angeles with wisps of gray in his beard, his milestone birthday coming Monday, one that will make him the first player in NBA history to play in his teens, 20s, 30s and 40s. He has stood and excelled in the spotlight his entire career. Rising Sun Devils: Arizona State looks to pull off another big surprise at the Peach Bowl ATLANTA (AP) — As they prepare for Arizona State’s biggest game in nearly three decades, the guys who made it happen aren’t the least bit surprised to be rated a nearly two-touchdown underdog in the College Football Playoff. That’s a familiar position for the Sun Devils. They've been an underdog most of the season. Of the eight teams still vying for a national championship, there’s no bigger surprise than 11-2 Arizona State. The Sun Devils went 3-9 a year ago and were picked to finish dead last in their first season in the Big 12 Conference. Now, they're getting ready to face Texas in the Peach Bowl quarterfinal game on New Year’s Day. Penn State's polarizing QB Drew Allar puts critics on mute and keeps winning games SCOTTSDALE, Ariz. (AP) — Even when Penn State quarterback Drew Allar gets some praise, it’s usually a backhanded compliment. They say he’s a good game manager and stays within himself, or that he doesn’t try to do too much. They mention he might not be flashy, but he gives the team a chance to win. And here’s the thing about Penn State since Allar stepped under center: The Nittany Lions have won games. A lot of them. Sometimes that’s hard to remember considering the lukewarm reception he often gets from fans. The polarizing Allar has another chance to quiet his critics on Tuesday, when Penn State plays Boise State in the College Football Playoff quarterfinals at the Fiesta Bowl. Feels like 1979: Nottingham Forest moves into 2nd place behind rampant Liverpool in Premier League The Premier League table is starting to have a 1979 kind of feel to it with Liverpool at the top of the standings and Nottingham Forest in second place as the closest challenger. Liverpool padded its lead with a 5-0 rout of West Ham on Sunday while upstart Nottingham Forest climbed into second place by beating Everton 2-0 to continue its surprising push for a Champions League place. Manchester City marked Pep Guardiola's 500th game in charge by beating Leicester 2-0 but is still 14 points behind Liverpool having played a game more.
KaiXia, known for its cutting-edge developments in AI, robotics, and advanced technologies, has been a mainstay in the Japanese tech industry for years. The company's decision to go public has been eagerly anticipated by industry analysts and investors alike, with many predicting that KaiXia's IPO will be one of the most significant in recent memory.
As the UEFA Champions League resumes, Liverpool F.C. is gearing up for a crucial away fixture against Spanish side Girona. The match is set to take place at the striking Estadi Montilivi and promises to be an intense battle between two formidable teams. With both clubs eager to secure a spot in the knockout stages, the stakes are high and the anticipation is palpable.The Golden State Warriors might want to consider trading for one of the most underrated big men on the trade market. The Warriors lack size in their frontcourt, something that might doom them come playoff time if they don’t make a move. Golden State will inevitably be linked to the biggest names on the market as they look for a center, but they should also put in a call to the Orlando Magic about the availability of 25-year-old Goga Bitadze. The six-foot-eleven former No. 18 overall pick by the Indiana Pacers in 2019 is having a career year for the Magic right now, which is making people notice his talent that has always been there. Bitadze is averaging 13.3 points and 11.4 rebounds per 36 minutes for Orlando through 18 games. He’s in year one of a three-year, $25 million deal, and as a legit rotational center, that’s a bargain contract. The good news for the Warriors: Bitadze might be available for trade before February’s deadline, as indicated by Forbes’ Evan Sidery on Monday. “Goga Bitadze is a player drawing trade interest amidst a career-best season for the Magic,” Sidery said. “Once their rotation is healthy, Bitadze will be back into a limited role on Orlando’s bench. On a value contract that descends through 2026-27, plenty of contending teams will be calling.” Should the Warriors be one of those teams? Acquiring Bitadze instead of a higher-paid center would leave Golden State with the flexibility to add an additional piece. Perhaps Warriors GM Mike Dunleavy Jr. should give Orlando a call soon. More NBA: Knicks predicted to land two-time NBA champion big man in trade with Raptors
In a heartwarming turn of events, the missing Chinese exchange student in New York City has been found safe after being missing for five days. The news was met with relief and joy among her friends and the Chinese student community in the city.No MC polls during ‘Shaheedi Week’: AAP