New Delhi, Feb. 4 -- Ace investor and market veteran Shankar Sharma says investors should expect moderate returns from the Indian stock market over the medium term, even though the long-term outlook remains bright.

Sharma, while explaining why the domestic market turned flat on Wednesday after a stellar rally on Tuesday, after an India-US trade deal was announced, said that the market seeks more clarity over the deal, and also is cautious because of the unpredictable policies of US President Donald Trump.

"The India-US trade deal is a positive development, but there is still significant uncertainty about the details of the deal. This is keeping the market cautious," Sharma, who is also the founder of AI-tech firm GQuant, told Mint.

Sha...