Supply chain shocks, not AI, driving markets: UBS’ Gautam Chhaochharia

Speaking to CNBC-TV18 at the 21st India Business Leader Awards, UBS’ Gautam Chhaochharia said global factors such as crude price volatility and supply chain disruptions are likely to drive Indian markets in the near term. While prolonged geopolitical tensions could weigh on corporate earnings, he noted that the recent market correction is creating pockets of value, particularly in financials and select consumer stocks.