Asian markets started lower as investors reduced their positions ahead of significant upcoming events like central bank decisions and major economic data. Equities in Japan and Australia dropped, with futures in Hong Kong indicating a similar trend. Treasuries had gains, while US stock futures saw a slight decline.
Jefferies increases weight in Reliance, 2 others; trims weight in 3 stocks in latest model portfolio changes. See list
Jefferies has boosted its investment stance on Reliance Industries, citing appealing valuations and an outlook for upgrades. Additionally, the firm has raised its stakes in