Expert view, June 30 -- Pawan Bharaddia, the co-founder and CIO of Equitree Capital, appears positive about the Indian stock market. In an interview with Mint, Bharaddia shared his views on Indian stock market triggers and the impact of a potential US-India trade deal and the buzz in the IPO segment. Here are edited excerpts of the interview:

Despite several headwinds, Nifty delivered a nearly 8 per cent return during the first half of the current year. At the current level, it is trading at a one-year forward PE of 20.1 times, which is in line with its five-year and 10-year historical averages.

While this seems to be a great set-up going into the second half, challenges remain from higher valuation in the mid-cap space and ever-changin...