Indian equities may face another 1-2 quarters of pain as oil, US yields weigh: UBS' Mickey Doshi
CNBC-TV18 1 hr ago·11 Sept 2026, 6:11 am
Indian equities may face continued volatility over the next one to two quarters. UBS India Country Head Mickey Doshi points to external headwinds, specifically high oil prices and rising US bond yields, as key factors pressuring the market. These global macro conditions are expected to create a challenging environment for investors seeking immediate gains.
Despite the near-term uncertainty, the outlook for specific segments remains positive. Doshi suggests that large initial public offerings, such as those from the NSE and Reliance Jio, will continue to attract significant global capital. Furthermore, well-managed private banks are poised to regain investor interest as the broader economic cycle turns in their favor.
Investors should focus on long-term fundamentals rather than reacting to short-term fluctuations. While the broader index may experience turbulence, high-quality large-cap stocks are likely to offer resilience. Monitoring global interest rate trends and domestic corporate earnings will be crucial for navigating this period.
Key takeaways
- Category: Corporate Action.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
