Expert view, May 24 -- Devarsh Vakil, Head of Prime Research, HDFC Securities, believes that markets are likely to remain volatile in the near-term, however, the most severe phase of the correction seems to be over for now.

In an interview with Mint, Vakil further highlighted that earnings season earnings season so far has been broadly stronger than anticipated, with companies reporting results that are largely in line with or slightly above expectations, and no significant negative surprises emerging across the broader market.

Here are edited excerpts from the interview -

Near-term direction will depend on how geopolitical tensions evolve, crude oil stays contained, and whether foreign fund flows remain stable; those are the main moni...