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Manish Sonthalia flags oil and West Asia risks as stocks brace for a choppy range
Economy
Published on 6 May 2026
FY27 earnings and capital flows could shift fast
CIO Manish Sonthalia says global crude oil prices and West Asia geopolitical uncertainty are dictating market moves, drowning out domestic signals. He warns that prolonged supply disruptions could dent FY27 earnings estimates and alter capital flows, keeping equities largely range-bound until the West Asian crisis eases. In the mix, energy, banks, and EMS names stand out as key bets.
- Crude oil and West Asia geopolitics are driving market direction
- Sustained supply disruptions may hit FY27 earnings forecasts
- Capital flows could become more volatile, keeping markets range-bound
- Energy, banks, and EMS are highlighted as standout bets
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times