New Delhi, Aug. 4 -- Souring US-India trade ties have turned up the scrutiny on Indian stocks already witnessing high valuations, weak earnings, and periodic selling by foreign investors. Investors are now scrambling for some crucial answers:

Will there be some respite from volatility anytime soon? What is the market's expectation from a trade deal with the US? Will earnings downgrades continue? And finally, is there any glimmer of hope of a broader turnaround?

To gauge the market's pulse, we surveyed 34 investment professionals-analysts, economists, research heads, and fund managers-between 25 and 30 July. Their verdict: Brace for more uncertainty, as a US-India trade deal might end up rattling the markets.

This is the fourth in a new...