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Morgan Stanley Predicts Positive Impact of Union Budget Measures on Indian Equities

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New Delhi, Feb 2 (IANS) A likely boost to capex, services sector growth and AI in the Union Budget, along with slightly slower than expected fiscal consolidation, will likely support FY27 earnings, further helped by increased demand for equities through buybacks, Morgan Stanley has said.The Budget balances debt-to-GDP reduction with slow fiscal consolidation and support for growth through both cyclical and structural measures.“We remain constructive on Indian equities – Overweight Financials…