Crude oil at $120 could drag earnings growth to 11% from 16%: UBS flags 10 stocks to weather oil shock

Geopolitical tensions in the Middle East are creating headwinds for India's economy. Rising oil prices and market volatility are causing uncertainty about interest rates. This situation poses risks to corporate profits and market valuations. India's reliance on energy imports makes it vulnerable to supply disruptions. Analysts suggest focusing on defensive stocks and those that have recently corrected.