Jefferies' Chris Wood Calls This Year's India Stock Market Downturn A 'Healthy Consolidation'

Jefferies' top strategist Christopher Wood said 2025 is a year of healthy consolidation for Indian stock markets which has been running high on valuations. He said foreign institutional investors are not concerned about US tariffs and sold Indian positions to chase returns in other parts of Asia. Earnings and nominal GDP growth should pick up next year, he said.