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Jefferies: Jefferies bullish on Indian financial institution, property and auto sectors

Mumbai: Jefferies is bullish on Indian equities normally, with battered banking shares – often the primary alternative for prime abroad funds – prone to see contemporary allocations within the New 12 months on a rebound in credit score demand and certain shrinkage in provisions.

Broadly, the brokerage stated, India has entered right into a interval of financial upcycle pushed by a turnaround in housing demand.

The brokerage stated valuation considerations and fee will increase by the US Federal Reserve may lead to durations of correction, however these needs to be used so as to add cyclical shares.

Indian inventory indices have greater than doubled from March 2020 lows of the pandemic however corrected about 6% from the highs hit in October.

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