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After a stellar rally in 2023, equity investors may have to temper their expectations in 2024

Brokerage firms expect a realistic possibility of just around 8-10 per cent gains

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sensex target: Morgan Stanley sees Sensex at 74,000 by December 2024, keeps 10 stocks in focus list

The base case scenario of Sensex hitting 74,000 mark has a 50% probability and suggests that the BSE Sensex will trade at a trailing P/E multiple of 24.7x, ahead of the 25-year average of 20x.

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