Expert view, May 29 -- Sanjay Chawla, Chief Investment Officer (CIO) - Equity, Baroda BNP Paribas Mutual Fund, says crude oil prices after the end of the US-Iran war, and earnings growth of Indian corporates are the two factors that will dictate the market trends over the short to medium-term. In an interview with Mint, Chawla said he remains confident about India's earnings growth story, but added that a near-normal monsoon would be crucial to sustaining that growth momentum. Edited excerpts:

If the war is genuinely over in the short term, markets may react positively. There is no doubt that higher crude and the non-availability of LNG and LPG are impacting India's Current Account Deficit (CAD) materially.

Consequently, the Indian rupe...