New Delhi, April 10 -- Large-cap stocks remain a favourable investment avenue, with current valuations trailing both five-year and ten-year averages, according to Gaurav Misra, Head - Equity at Mirae Asset Investment Managers (India). In an interview with Livemint, Misra noted that domestically oriented sectors are likely to provide relative stability amid the heightened volatility triggered by trade tensions and global market disruptions.

Below are edited excerpts from the interview.

A. Trump tariffs will cause volatility in the short term, as we are currently witnessing. Notwithstanding the ongoing volatility, the Indian economy and equity markets remain in a healthy state. The macroeconomy has been improving steadily, with growth com...