Expect Sensex at 30200 by December 2016: Ridham Desai

Ridham Desai, Morgan Stanley says he is looking for a turn in earnings, more policy action, revival in consumption and continuing domestic flows into equities in 2016.

His portfolio approach is to keep wide sector positions with a GARP (growth at a reasonable price)-oriented stock picking strategy.

"December 2016 BSE Sensex base case is 28,000 against 28,600 earlier and probability weighted outcome is forecast at 30,200 against 31,000 earlier, Desai says.