Expert view, July 3 -- Sandeep Neema, Director and Fund Manager, PL Asset Management, sees compelling opportunities in financials, industrials, energy, and metals at the current juncture. He believes that the Indian stock market can generate healthy returns in the medium term. In an interview with Mint, Neema said the primary determinant of one's portfolio decisions should not be FPI flow data. Edited excerpts:

We would caution against characterising the year as a washout based on the first half alone. The period has certainly been marked by volatility, geopolitical developments, currency pressures, and intermittent profit-booking in heavyweight stocks, which have kept the benchmark indices range-bound rather than trending decisively in ...