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ā¢ Global brokerage firm Jefferies has recommended deploying cash into equities as concerns over higher US yields, rising oil prices, and state election results have subsided.
ā¢ The firm has added Coal India, Honasa Consumer, Eicher Motors, NTPC, HDFC Bank, and ICICI Prudential Life to its model India portfolio.
ā¢ Jefferies has reduced weight on NBFCs as the rate cut cycle seems to be at least six months away.