Expert view, Feb. 15 -- Naveen Kulkarni, Chief Investment Officer at Axis Securities PMS, believes the Indian stock market has entered an oversold zone and looks set for a rebound. In an interview with Mint's Nishant Kumar, Kulkarni said that gold is an important asset class to consider, but it shouldn't come at the expense of equity investments. Kulkarni also shared his insights on the "Trump tariffs", outlook on IT and pharma sectors and how one should invest in large-caps, mid-caps and small-caps. Here are edited excerpts of the interview:

Donald Trump's tariffs are clearly a major factor contributing to the significant decline of the Indian equity markets.

While the exact impact of the tariffs is unclear, their influence on currency...