Morgan Stanley, JPMorgan start NSE coverage with Overweight ratings
In short
Morgan Stanley and JPMorgan both started covering NSE with Overweight ratings. Their price targets are ₹2,315 and ₹2,130, and they pointed to more retail investing and NSE’s strong market position.
This matters for NSE investors because the brokers still warned about regulation, weaker activity, and competition in index options. The reporting does not say how the market reacted.
What the reporting says
Morgan Stanley and JPMorgan initiated coverage of NSE with Overweight ratings, according to the publisher-supplied summary. They set price targets of ₹2,315 and ₹2,130 and cited rising retail investment, market dominance and growth potential. The reporting also says regulation, weaker activity and competition in index options could limit returns, but it does not state how the stock traded after the notes.
Why it matters
Morgan Stanley and JPMorgan initiated coverage of NSE with Overweight ratings and price targets of ₹2,315 and ₹2,130, according to the publisher-supplied summary. They cited rising retail investment, market dominance and growth potential. The note also warned that regulation, weaker activity and competition in index options could constrain returns, but it does not say whether the shares moved after the coverage call.