Jefferies adds Sai Lifesciences, increases weight in 3 bank stocks in latest model portfolio tweak. Check full list

Nifty valuations have moved closer to their pre-Covid averages following the recent correction, prompting Jefferies to note that “valuations are now turning attractive.” The brokerage has accordingly tweaked its India model portfolio, increasing exposure to banks, pharma, and real estate, while reducing allocation to autos and cement. Here’s the full list of additions and deletions in its latest portfolio rejig. Valuations turn attractive