Expert view, Sept. 2 -- Pranav Haridasan, the MD (Managing Director) and CEO (Chief Executive Officer) of Axis Securities, believes stability may return to the Indian stock market from Q3 onwards due to improved liquidity, lower inflation and the government's measures. In an interview with Mint, Haridasan said he expects the broader market to deliver better returns over the next 12 months. Here are edited excerpts of the interview:

The market has had a strong run and is now pausing for breath - that's natural and healthy. Earnings have been broadly in line, though guidance has been a little muted, which is why we're seeing this consolidation.

What comforts me is that the macro backdrop is still strong: liquidity has improved, inflation ...