Why Jefferies prefers large caps as RBI hikes rates; favours HDFC Bank, RIL, Airtel
- Posted on October 8, 2026
- By Financial Express
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- 1 min read
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Why Jefferies prefers large caps as RBI hikes rates; favours HDFC Bank, RIL, Airtel
Jefferies is turning more defensive as the RBI enters a new tightening cycle, favouring large caps including HDFC Bank, Reliance Industries, Bharti Airtel and power utilities as higher rates pressure equity valuations.