India's Nifty has gained 7.4% on a quarter-to-date basis, with auto stocks leading the upward momentum followed by IT, FMCG and financial stocks. Jefferies has identified 25 stocks in which investors should buy, having predicted that large-cap banking and financial services stocks will be most bullish. The list includes Bajaj Finance, HDFC Life, ICICI Bank, IndusInd, L&T, Reliance Industries, Sun Pharma, Tata Motors and Zomato. Jefferies also offered advice on stocks investors should avoid, with Wipro, Tech Mahindra, Cummins, Asian Paints, Gujarat Gas and Tata Power categorized as 'strong underperforming ideas'.
