Expert view, April 30 -- Amit Jain, the co-founder of Ashika Global Family Office Services, believes short-lived rallies will continue to be followed by quick corrections in the Indian stock market until there's more clarity on global trade and interest rate directions. In an interview with Mint, Jain said banking, infrastructure, FMCG, and healthcare appear most promising at this juncture, offering a mix of growth and defensiveness. Here are edited excerpts of the interview:

The market struggles to sustain rallies because every uptick is quickly met with profit-booking amid global uncertainty. Factors like Trump's tariff moves, fears of a US recession, and volatility in crude oil prices keep sentiment cautious.

Domestically, while fund...