Morgan Stanley's Ridham Desai Explains Why Indian Equities Are Set To Regain Their Mojo In 2026

Indian markets have already turned around from the worst period of dollar returns in over two decades, and 2026 will be an “exciting year" for domestic stocks, according to Morgan Stanley managing director Ridham Desai. In 2025 so far, the Nifty 50 and Sensex have risen 10% and 9%, respectively, hitting record highs, Desai said while speaking at the Hindustan Times Leadership Summit 2025. While the world has been in a ferocious bull market, India has been the outlier, he said, adding that this has been the country’s worst relative year since 1993 in dollar terms. “Now, as we look forward, India's relative performance has already turned in November," Desai said. “…we're recouping some of our lost ground. And this has come on the back of a big policy pivot that India itself made starting in February with rate cuts." #stockmarket #india #equity Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx3pdg Now make Mint your preferred source on Google and get business & finance updates first. Add here - https://www.google.com/preferences/source?q=mint Subscribe to Mint Premium Now: https://www.read.ht/Scaq Subscribe to Mint's WhatsApp Channel: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d