Expert view, Sept. 16 -- Sanjay Chawla, CIO- Equity, Baroda BNP Paribas Mutual Fund, believes the Indian stock market may be in a position where it's ready or about to make a significant move. In an interview with Mint, Chawla also shared his views on trends on FIIs and DIIs and US Fed rate cut expectations. Here are edited excerpts of the interview:

There has never been a dearth of potential headwinds in the markets - geopolitical, economic or any other variable.

The fact is that markets have always climbed the wall of worries. The bigger picture is that all the headwinds look very impactful at the point in time; however, in hindsight, they do not seem to be impactful.

This is the difference between a short-term and a long-term horizo...