Adani Enterp. 2447.85↑14.20(0.58%)
Adani Ports 746.20↑0.80(0.11%)
Apollo Hospitals 5013.35↑73.25(1.48%)
Asian Paints 3217.70↑4.95(0.15%)
Axis Bank 980.00↑11.80(1.22%)
B P C L 366.00↑9.85(2.77%)
Bajaj Auto 4768.40↑42.15(0.89%)
Bajaj Finance 7102.20↓-11.75(-0.17%)
Bajaj Finserv 1476.40↑1.30(0.09%)
Bharti Airtel 833.00↑3.55(0.43%)
Britannia Inds. 4860.00↑154.60(3.29%)
Cipla 976.05↑4.00(0.41%)
Coal India 230.30↑2.50(1.10%)
Divi's Lab. 3551.90↑14.00(0.40%)
Dr Reddy's Labs 4670.00↑33.35(0.72%)
Eicher Motors 3732.00↑26.90(0.73%)
Grasim Inds 1766.20↓-0.20(-0.01%)
H D F C 2640.80↑5.45(0.21%)
HCL Technologies 1126.60↓-2.00(-0.18%)
HDFC Bank 1602.15↑2.75(0.17%)
HDFC Life Insur. 591.75↑12.05(2.08%)
Hero Motocorp 2953.35↑48.55(1.67%)
Hind. Unilever 2721.75↑30.60(1.14%)
Hindalco Inds. 416.15↑0.60(0.14%)
ICICI Bank 935.80↓-6.30(-0.67%)
IndusInd Bank 1309.70↑3.70(0.28%)
Infosys 1285.35↑6.35(0.50%)
ITC 443.90↑1.10(0.25%)
JSW Steel 719.50↑6.65(0.93%)
Kotak Mah. Bank 1944.05↓-15.00(-0.77%)
Larsen & Toubro 2298.00↑20.05(0.88%)
M & M 1408.50↓-2.70(-0.19%)
Maruti Suzuki 9734.95↓-1.25(-0.01%)
Nestle India 22157.20↑451.80(2.08%)
NTPC 176.45↑1.05(0.60%)
O N G C 153.80↑0.15(0.10%)
Power Grid Corpn 238.80↑3.50(1.49%)
Reliance Industr 2481.00↑1.65(0.07%)
SBI Life Insuran 1239.85↑16.85(1.38%)
St Bk of India 589.00↑3.65(0.62%)
Sun Pharma.Inds. 1016.10↑2.30(0.23%)
Tata Consumer 812.00↑19.90(2.51%)
Tata Motors 563.30↑7.55(1.36%)
Tata Steel 109.40↑0.40(0.37%)
TCS 3251.60↑19.30(0.60%)
Tech Mahindra 1086.85↑0.60(0.06%)
Titan Company 2885.50↑4.05(0.14%)
UltraTech Cem. 8108.65↓-0.90(-0.01%)
UPL 696.45↑2.45(0.35%)
Wipro 402.20↑2.25(0.56%)

Indian markets can withstand a somewhat expensive multiple: Jonathan Garner

For foreign investors, there is a good opportunity to buy Japan, Korea and Taiwan in the Asian region, he said in this exclusive interview on the sidelines of the Morgan Stanley India Investment Forum

Puneet Wadhwa New Delhi

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morgan stanley, jonathan garner

8 min read Last Updated : Jun 07 2023 | 6:15 AM IST

Morgan Stanley has not changed its stance on Indian equities in the last few months despite a healthy correction from the peak levels in frontline indices. Puneet Wadhwa caught up with JONATHAN GARNER, Asia Equity Strategist at Morgan Stanley on the sidelines of the Morgan Stanley India Investment Forum in Mumbai, on his interpretation of the global equity landscape, and his views on the Indian markets. Edited excerpts:

Most global frontline benchmarks, be it the NASDAQ, S&P 500, or even the Sensex, have actually gained ground over the past few months with only a handful of stocks participating in the up move seen in the last two-three months. Do you think that the leading indices and the global markets per se are actually treading on thin ice?

I think in Asia and emerging markets, including India, we had some features which are quite different from what's going on in the US and Europe. In