China's CSI 300 index has gained about 25% since the stimulus measures were announced. That would depend on whether the measures announced will likely target China's stock market or the real economy. Even if China's economy improves and its stock market soars, experts suggest it's unlikely to hurt the Indian equity market's growth outlook over the long term. For now, a strong and rapidly growing economy, as well as a "resilient" domestic investor base, continue to be significant drivers of Indian stock markets, according to Wall Street's observers. "The Indian market has numerous positive domestic drivers which underpin our overweight recommendation," Morgan Stanley's Jonathan Garner said in a note to clients this week.

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Persons: India's, Chris Ma, Berstein's Rupal Agarwal, David Aserkoff, Aserkoff, Morgan Stanley's, Wall, Morgan, Jonathan Garner, Michael Bloom Organizations: CSI, Beijing, Citi, Central Locations: China, India, Asia, Eastern Europe, Africa