In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route
Jefferies | Indian stock markets | Zomato
Puneet Wadhwa |
Last Updated at August 10, 2022 11:30 IST
The pullback in the Nifty from its recent lows looks unsustainable, said analysts at Jefferies in a recent note even as they acknowledged the improved US outlook on lowered inflation expectations and lower recession risks. Among stocks, Jefferies has removed/reduced exposure to Gail, Gland Pharma and Tech Mahindra (TechM), while introducing Zomato, Thermax, LIC Housing and Indian Hotels to their model portfolio.
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First Published: Wed, August 10 2022. 11:30 IST