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Foreign investors have put $8.2 billion into Indian shares since mid-October, the brokerage says, and Reliance, HDFC Bank, Axis Bank and Kotak Mahindra Bank lead its list of likely gainers.
Foreign portfolio investors have bought Indian shares on every trading day in November so far, with $8.2 billion of net inflows since mid-October, Jefferies says.
The brokerage names Reliance Industries, HDFC Bank, Axis Bank and Kotak Mahindra Bank, all rated Buy, among the biggest likely beneficiaries.
Its full list also includes UltraTech Cement, Max Healthcare, Varun Beverages, JSW Energy, DLF, Indian Hotels and Sona BLW.