How Jefferies is tweaking its India portfolio as FIIs turn net sellers
“FIIs have turned net sellers and India has underperformed MSCI EM by 3.2 ppts over the last 1 month. While the near-term appears weak, there are more signs of a capex upcycle. Our preference for domestic cyclicals (financials, industrials and property) & midcaps stays,” said Jefferies analyst Mahesh Nandurkar.
