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Jefferies Model Portfolio: Brokerage firm Jefferies has changed its model portfolio. The brokerage has removed Maruti, Power Grid and Marico from the portfolio and replaced them with Eicher, NTPC and MamaEarth’s parent company Honasa Consumer. Coal India has been added to the model portfolio by Jefferies with a weightage of three percentage points. Brokerages have reduced their exposure to non-banking finance companies.
Along with this, the brokerage expects that the market may see a boom due to BJP’s good performance in the assembly elections. Let us tell you that Jefferies is a brokerage firm and it periodically reviews its model portfolio. Generally, a brokerage includes stocks in its portfolio that are expected to generate profits.
What brokerages are saying in the market: Jefferies said in its note that concerns about the market are now easing. US 10-year Treasury yields have fallen 60 basis points from their recent peak. American markets have also improved. In such a scenario, it is being speculated that the US Federal Reserve may stop its current practice of raising interest rates. Crude oil prices are also now moving in the right direction. Brent crude is trading around $80 per barrel. However, all eyes are on the OPEC+ meeting on November 30.
BJP’s performance will be better. According to Jefferies, the performance of the Bharatiya Janata Party (BJP) in the current state assembly elections may be better than expected. “If the BJP performs better than expected, the market may see a bounce after the results are announced on December 3,” the brokerage wrote in a note.