Jefferies lifts India allocation as Taiwan exposure falls
pre-market1 source ↓machine-written, see hownot a recommendation
- BANKNIFTY close
- ₹55,257
- On the day
- +1.36%
- 52-week high
- ₹56,671
- 52-week low
- ₹53,786
Jefferies plans to raise India’s weight by 2 percentage points and reduce Taiwan exposure by the same amount in its Asia Pacific ex-Japan relative-return portfolio. Christopher Wood, global head of equity strategy, outlined the proposed shift in the Greed and Fear report, drawing on India equity research led by Mahesh Nandurkar. The move reflects a more favourable assessment of Indian equities as global investors reassess emerging-market allocations. 🌏
The strategy cited five supporting factors: India’s relatively lower exposure to the United States, lower reciprocal tariffs than several Asian peers, falling crude oil prices, scope for foreign portfolio investor inflows and a more accommodative liquidity stance from the Reserve Bank of India. Together, these factors improve the relative case for Indian equities, although the proposal concerns portfolio allocation rather than a company-specific earnings catalyst. Financial markets may also track whether the shift is followed by broader foreign buying across Indian stocks and sectors.
OI Charts data showed the broad-market benchmark at ₹22,520 on 9 Oct 2026, up 1.3% on the day, with volume of 296,205,852. It had gained 0.4% over five sessions and traded within a 52-week range of ₹22,180 to ₹23,489. The banking benchmark closed at ₹55,257, up 1.4%, with volume of 165,502,201, and was 1.5% higher over five sessions. Its 52-week range stood at ₹53,786 to ₹56,671. 📈
The immediate market watch is whether foreign portfolio flows improve and whether the Reserve Bank’s liquidity stance remains supportive. Investors will also monitor crude prices, tariff developments and subsequent allocation updates from Jefferies, as these factors determine whether the proposed 2-point rotation becomes a wider trend. The Taiwan reduction highlights the relative nature of the call: India is gaining weight within a regional portfolio, rather than receiving an isolated global allocation decision.
Source: BW Businessworld, 10 Oct 2026
Not investment advice. For informational purposes only.