Jefferies Rejigs India Portfolio: HDFC Bank Out, MCX In

Global investment firm Jefferies has overhauled its India portfolio, removing HDFC Bank while adding MCX, citing a shift in market outlook and capital flow expectations.

Analyst Chris Wood confirmed the exit from HDFC Bank and PB Fintech, reallocating funds into two new stocks to capitalize on India's robust credit growth and improved rupee outlook.

The firm maintains a positive stance on Indian markets, projecting that sustained capital inflows will support long-term growth despite recent volatility in the banking sector.