BTTV Exclusive | Jefferies’ Chris Wood On AI, US Bonds, Oil & India’s Market Outlook

Jefferies’ top equity strategist Christopher Wood speaks exclusively to Business Today on the global market reset, India’s growth outlook and the biggest risks facing equities. Wood says India’s economic data has surprised positively, with strong credit growth and early signs of a private sector CapEx revival. However, he believes the global AI boom has overshadowed India, with semiconductor companies capturing much of the value. Wood warns that a sharp AI correction could eventually benefit Indian equities. For India, he identifies higher oil prices as the key market risk, while energy emerges as a major investment theme. He also remains bullish on gold and sees signs that the Indian rupee could be bottoming. Wood discusses US bond yields, IT stocks, banks, mutual fund flows and India’s valuation picture.