Jefferies has maintained 'buy' ratings on several Indian companies including HDFC Bank with a target price of Rs 2,400, HDB Financial at Rs 900, BPCL at Rs 410, JSW Infrastructure at Rs 375, and Reliance Industries Ltd (RIL) at Rs 1,670. JPMorgan maintains an 'overweight' rating on Syrma SGS with a target price of Rs 950 and a 'neutral' rating on Wipro with a target price of Rs 260, while Nomura continues to rate Wipro as 'buy' with a target price of Rs 310. Jefferies also initiated a 'buy' rating on Bajaj Finserv with a target price of Rs 2,420. Several financial institutions including JPMorgan, UBS, Citi, Kotak Securities, and Bank of America have commented on India's recent sovereign credit rating upgrade, noting that it should boost investor confidence and sentiment in Indian credit markets, although prolonged uncertainty may require additional fiscal and monetary support. The Indian rupee has strengthened notably against the US dollar, reaching its highest level in August at 86.95 per dollar, a 0.5% gain driven by optimism around Goods and Services Tax (GST) restructuring, easing global tensions, softening crude prices, and expectations of reduced US tariff risks. The rupee's gains have been supported by foreign banks' continued dollar sales, despite dollar strength, although it experienced some volatility with a dip to 87.17 before closing at 87.07. Market analysts highlight that the rupee's recent rally marks its biggest rise in over a month, reflecting improving investor sentiment amid the sovereign rating upgrade and easing trade tensions between the US and India.