New Delhi, April 10 -- Global brokerage firm Jefferies has maintained a marginally overweight position on India in its Asia allocation, recommending a 13.0 per cent weight against a 12.5 per cent benchmark, despite weak market performance in the first quarter of 2026.

According to the report, India's underperformance has eased since the onset of the Iran war, both in the Asian and global emerging market context.

The report noted "India has just about stopped underperforming since the onset of the Iran War in both an Asian and global emerging market context"

India was among the worst-performing markets in Asia during Q1 2026, mainly due to strong foreign outflows rather than any major weakness in fundamentals. The report noted that Indi...