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Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio


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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

Topics
Jefferies | Indian stock markets | Zomato



Puneet Wadhwa  | 
New Delhi 



The pullback in the Nifty from its recent lows looks unsustainable, said analysts at in a recent note even as they acknowledged the improved US outlook on lowered inflation expectations and lower recession risks. Among stocks, 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





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