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Jefferies has increased its allocation to India and Taiwan in its Asia Pacific ex-Japan relative-return portfolio, while cutting exposure to China and Indonesia, as it reassesses growth prospects and macro risks across the region, ANI reported.In its latest strategy note, the global investment bank said it has raised the weightings of India and Taiwan by…
Russian President Vladimir Putin’s state visit to India from December 4-5, does not signals that Delhi is on Moscow’s side, rather it highlights Modi government’s determination to maintain its non-aligned position, according to Christopher Wood, Global Head of Equity Strategy at Jefferies. In his weekly report GREED & fear, Wood pointed out that India is…
Reliance Industries Ltd (RIL)’s shares rose on Friday, touching a new 52-week high of Rs 1,580.90 on the BSE after global brokerage Jefferies reiterated its “Buy” rating with a price target of Rs 1,785, implying nearly 14% upside. The stock had ended the previous session at Rs 1,564. In early trade, RIL shares were up…
The Indian rupee may finally have found a floor after months of sustained depreciation, with Jefferies indicating that the currency has likely bottomed out following its sharp underperformance against major emerging market peers, ANI reported.In its latest GREED & fear note, Jefferies said the rupee has been “the worst performer year to date amongst major…
India has slipped into the “reverse AI trade” category within emerging markets after an unusually weak year, even as strong domestic inflows prevented a sharper slide, ET reported, citing Chris Wood, global head of equity strategy at Jefferies.In his Greed & Fear note, Wood pointed out that India has lagged the MSCI Emerging Markets Index…
India’s stock markets are being propped up largely by consistent mutual fund investments, which are preventing a sharper fall despite heavy outflows, Jefferies has said in a new report.The brokerage noted that without these steady inflows, the high level of equity supply in the market could have triggered a collapse, news agency ANI reported. “Indian…
