03 Nov 2025 | 5 Mins Read
Strategist trims ICICI, adds to HDFC amid select India approach
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Matt Orton, Chief Market Strategist at Raymond James, recommends a more selective approach to the Indian market. He's trimmed ICICI Bank, added HDFC Bank and Adani Ports, and is watching Mahindra and Mahindra for an overweight position. Orton expects a 'risk-on' environment globally due to strong US earnings and AI investments, citing reduced US-China trade risks as a net positive.