India Market Weekly (Jun 12, 2026)

研报英文原文证据摘录

India Market Weekly (Jun 12, 2026)

India | Equity Strategy EquityJuneResearch12, 2026

STRATEGY NOTEIndia Market Weekly (Jun 12, 2026)

The MSCI India was up 0.6% WoW. It outperformed the EM Index by 76bps

and the AxJ Index by 122bps. Banks and FMCG were top outperformers, Exhibit 4 - MSCI India Index

while IT and Utilities were the top underperformers. The INR was down 0.2% 28702860

against the USD this week. Ten-year G-Sec bond yields were down 9bps 28502840 2848

2830 2835

2820WoW at 6.89%. Jefferies India Model Portfolio outperformed MSCI India by

280415bps this week. 2813 2818 2790

Exhibit 1 - MSCI India performance vs. regional indices . 5th Jun 8th Jun 9th Jun 10th Jun 11th Jun 12th Jun

Source: Bloomberg, Jefferies

70 (%) 58

50 Research highlights of the

40 33 week:

15 17 India Financials: Terms of FCNR-B and 20 8 11 5 8 10 1 1 0 ECB Allow Leverage That Can Boost Forex

0 Inflows

(10) (0) (0) (0) (2) (1) (1) (1) (2) (2)

(20) (6) India Autos: Earnings Cuts, but High

(30) (23) Dispersion

MSCI MSCI Indonesia India USA EM Korea ASEAN AxJ China Japan Taiwan India Industrials: Large orders drive Singapore MSCI MSCI MSCI MSCI Industrials order flow MSCI MSCI MSCI

India Utilities: Demand improving; MSCI 1W MSCI 3M

.Source: Bloomberg, Jefferies. *in local currency execution ramp-up to follow

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

Top Outperformers Top Underperformers Meesho: Building India’s Affordability

Kotak Mahindra Bank Ltd Oil India Ltd Flywheel - Initiate at Buy

Coromandel International Ltd Wipro Ltd

Aegis Vopak (BUY) Correction Overdone;

Axis Bank Ltd Kalyan Jewellers India Ltd

Upgrade to Buy

ICICI Bank Ltd Solar Industries India Ltd

IDFC First Bank Ltd Oil & Natural Gas Corp Ltd

.

Exhibit 3 - Sectoral Performance

30 (%) 25

10 8 7 8 12 7

4 3 4