Bay Capital’s Nikunj Doshi sees strong FII comeback in Q1CY26, bullish on digital-first firms
November 4th, 2025
While the India–US trade deal will certainly add another layer of confidence, the near-term market focus remains on sustained earnings delivery and macro stability, said Nikunj Doshi.
With earnings outlook improving, Nikunj Doshi, the Managing Partner and CIO-PMS at Bay Capital Investment Advisors believes liquidity will follow.
Hence, he expects foreign institutional investors to return strongly with larger inflows in Q1 of CY26, supported by relative macro stability and India’s consistent growth story.
Among sectors, he continues to be very positive on digital-first companies, as many of them are at the cusp of reporting hyperbolic growth in both revenues and profitability.
Excerpts from the interview have been covered here on the Money Control website :-
Posted by Nikunj Doshi, Managing Partner
