Doshi expects Indian markets to remain volatile and range-bound in the near term due to the West Asia conflict, which will likely cause margin erosion for companies with limited pricing power due to increased energy and logistics costs. He anticipates earnings moderation, with selective downgrades, primarily impacting 1Q FY27, but expects the conflict to resolve soon, leading to a resumption of the market upcycle.
Nifty 50NeutralCalled 31 Mar 2026Graded 24 Aug 2026
Verdict:MISS

Nifty 50 increased from ₹22679.40 to ₹24576.60 (+8.37% in 21d), which contradicts the expectation of a volatile and range-bound market.

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