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Morgan Stanley Downgrades India To Equal-Weight Over Valuations: Report
28 Oct 2021, 05:06 PM IST 
The blue-chip NSE Nifty 50 index has surged nearly 28 per centthis year, crossing the 18,000-mark
Morgan Stanley downgraded Indian equities to equal-weight from overweight on Thursday due to expensive valuations, and said it expects the market to consolidate ahead of potential "short-term headwinds".
