India Market Weekly (Jun 25, 2026)

Research evidence excerpt

India Market Weekly (Jun 25, 2026)

India | Equity Strategy EquityJuneResearch25, 2026

STRATEGY NOTEIndia Market Weekly (Jun 25, 2026)

The MSCI India was down 0.1% WoW. It outperformed the EM Index

by 163bps and the AxJ Index by 142bps. Autos and Realty were top Exhibit 4 - MSCI India Index

outperformers, while Telecom and Utilities were the top underperformers. 29502940

The INR was down 0.1% against the USD this week. Ten-year G-Sec bond 2930 2940

2920 2926

2922 2922yields were down 9bps WoW to 6.78%. Jefferies India Model Portfolio 2910

2900 2905outperformed MSCI India by 20bps this week.

Exhibit 1 - MSCI India performance vs. regional indices . 19th Jun 22nd Jun 23rd Jun 24th Jun 25th Jun

Source: Bloomberg, Jefferies

100 (%)

80 Research highlights of the

60 41 week:

40 22 19 India Strategy: JEI#42: May'26 - Activity

13 12 9 20 5 resilient, Monsoon a key to watch 1 0

(0) (1) (1) (2) (2) (1) (2) (2) (4) (4) India Consumer: Korea Connect - From (20) (10)

(24) Content Craze to Consumer Flywheel (40)

MSCI MSCI Indonesia MSCI Singapore Korea India Taiwan Japan AxJ ASEAN EM USA China IndiaVisibleIndustrials:– Initiate GEPowerVernovaT&D T&DGrowth(Hold)Still MSCI MSCI MSCI MSCI India Financials: FCNR-B: RBI FAQs MSCI MSCI

Supportive, But Some Rate Hikes Needed MSCI 1W 3M MSCI

.Source: Bloomberg, Jefferies. *in local currency to Lift Mobilisation

Exhibit 2 - MSCI India top OPFers and top UPFers over the week

Top Outperformers Top Underperformers

Oracle Financial Services Software Ltd Vedanta Ltd

InterGlobe Aviation Ltd GE Vernova T&D India

Tata Motors CV Hitachi Energy Ltd

Cipla Ltd/India Tube Investments of India Ltd

Cholamandalam Investment and Finance Co Ltd Jindal Steel & Power Ltd

.

Exhibit 3 - Sectoral Performance

35 (%)

25 20 20

15 12 11

10 8 9 5 5

5 2 2 2 1 2