New Delhi, June 13 -- Vivek Rajaraman, Executive Director, Head - Client Advisory, Waterfield Advisors, remains constructive on broader markets. He believes strong fund flows from DIIs and the revival of FPI flows can keep the Indian stock market buoyant. In an interview with Mint, Rajaraman shares his views on the potential impact of the US-China trade deal on India, the current narrative about defence, PSU and railway sectors and investment strategy for the next one to two years. Here are the edited excerpts of the interview:

The domestic market reacted to a good results season in the last quarter, with broad market earnings going up nearly 15 per cent YoY.

Going forward, earnings estimates seem stable, and macro fundamentals like GDP...