New Delhi, March 3 -- Amid the ongoing market downturn, veteran global fund manager Chris Wood of Jefferies has made adjustments to his India long-only portfolio.

In his latest "GREED & FEAR" note, Wood announced the inclusion of InterGlobe Aviation Ltd., the operator of IndiGo, with a 4 percent weighting in the India long-only portfolio. This adjustment is financed by the removal of Coal India Ltd. and a reduction in the allocation to Thermax Ltd. by one percentage point.

Additionally, Jefferies has trimmed its exposure to ICICI Bank Ltd. in the global long-only equity portfolio by one percentage point, reallocating the funds to Chinese technology giant Alibaba Inc.

Wood attributed the recent decline in Indian markets to technical fac...