Expert view, Aug. 5 -- The Indian stock market is likely to be rangebound in August amid global uncertainty, weak FII flows and earnings downgrades, according to Jashan Arora, Director at Master Trust Group. Arora, however, emphasised that structural fundamentals remain intact. In an interview with Mint, Arora shared his views on the market outlook, sectors he is positive about and how a delayed rate cut by the US Fed may impact the Indian stock market. Here are edited excerpts of the interview:

The Indian stock market is anticipated to continue its range-bound to sideways trend in August.

Historically, August seasonal patterns have shown a limited upward trend. So yes, some near-term volatility may persist due to global uncertainty, we...