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Chris Wood of Jefferies buys Airtel to pare stake in RIL, HDFC Bank
Chris Wood, in his Greed & Fear weekly newsletter, said he was pleasantly surprised at the Budget which was almost devoid of vote-buying populism despite coming just ahead of the Lok Sabha elections later in the year. In Wood's global long-only portfolio, the investment in HDFC Bank will be reduced by two percentage points, while the investments in Axis Bank and TSMC will be increased by one percentage point each.