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Jefferies India adds Reliance and two other large-cap stocks
The bank also cut exposure to rate-sensitive segments, trimming weightages in NBFCs and real estate as US bond yields pressured Indian markets.
Jefferies India said it increased its weightage in large-cap stocks, citing what it called a more favourable risk-reward versus mid-caps in the current environment. The view was set against rising US bond yields, which have pressured India’s stock market, according to the report dated October 6, 2026.
In that update, Jefferies India increased its weight in Reliance Industries shares and added two additional large-cap names to its model portfolio, Kotak Mahindra Bank and Welspun Corp.
The firm also reduced weightage in rate-sensitive segments, trimming its stance in NBFCs and real estate.