Jefferies favours largecap stocks, sees value in banks, NBFCs and real estate despite FII selling
CNBC-TV18 1 hr ago·8 Oct 2026, 9:07 am
Jefferies India has turned cautious on the broader market due to ongoing Foreign Institutional Investor (FII) selling. However, the global brokerage firm remains optimistic about the country's long-term growth story. It believes that strong economic fundamentals and rising corporate earnings will eventually support stock prices.
The brokerage specifically sees value in large-cap stocks, particularly in the banking, non-banking financial companies (NBFCs), and real estate sectors. It also suggests that recent corrections in power infrastructure and hospital stocks present attractive opportunities for investors looking for long-term gains.
Excerpt from CNBC-TV18
Mahesh Nandurkar, Managing Director and Co-Country Head at Jefferies India, expects India's strong economic fundamentals and earnings growth to support markets despite FII selling and further RBI rate hikes. He also sees long-term opportunities in power infrastructure and hospital stocks after recent corrections.…Read the original at CNBC-TV18
Key takeaways
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
