New Delhi, Aug. 25 -- Indian stock market remains well-positioned over the next two to three quarters despite global uncertainties, with the proposed GST rationalization emerging as a pivotal trigger, according to Seshadri Sen, Head of Research and Strategist at Emkay Global Financial Services Ltd.

Sen notes that while the concerns over high US tariffs on Indian goods and external volatility may cause near-term choppiness, the domestic earnings cycle is bottoming out, supported by strong fiscal and monetary stimuli.

"Elevated multiples are not a major worry unless earnings surprise us on the downside from here - which we see as unlikely. Domestic flows remain robust and there are no signs of weakening - this offsets the FPI and promoter...