Mumbai, February 28, 2025 – Jefferies has attributed the recent Indian stock market sell-off to technical factors rather than macroeconomic concerns. It cited profit booking, sector rotation, and short-term volatility as key reasons for the correction while affirming that India’s economic fundamentals remain strong, supported by steady GDP growth, stable inflation, and healthy corporate earnings.
The firm dismissed concerns of a major downturn, highlighting that foreign and domestic institutional investments remain steady. Jefferies advised investors to see the correction as a long-term buying opportunity, particularly in sectors with strong earnings potential, and expects market stability and recovery soon.
