Jefferies is favouring largecaps as rising bond yields pressure Indian equities, citing relatively attractive valuations and a narrowing earnings gap with midcaps. The brokerage has added Kotak Mahindra Bank and Reliance Industries to its preferred portfolio.
Sugar stocks, including Balrampur Chini, Dhampur Sugar and EID Parry, rallied sharply on Tuesday as raw sugar futures remained near two-year highs. Rising supply concerns in Brazil, Europe and Thailand, along with stronger festive-season demand, have lifted expectations of tighter global sugar supplies and supported the recent rally.
Adani Power shares gained 2% after the company signed a pact with Bhutans Druk Green Power Corporation to develop the 770-MW Chamkharchhu hydropower project. The project will be developed through a 49:51 partnership, with construction expected to begin in the first half of 2027. The project is part of a broader 5,000-MW hydropower development programme.
