New Delhi, March 28 -- Sandeep Raina, Executive Vice President - WM Research at Nuvama Professional Clients Group, believes the worst may be behind us, and the Indian stock market is unlikely to correct significantly from here. In an interview with Mint, Raina said mega-cap BFSI (banking, financial services, and insurance) and commodities have the potential to lead the next market rally. Here are edited excerpts of the interview:

From a valuation standpoint, it seems the worst may be behind us, and the market is unlikely to correct significantly from here.

Technically, the market has already surpassed the key hurdle of 22,800 on a weekly basis after a sharp dip below 22,000 in the first week of March.

However, predicting a significant ...