New Delhi, Oct. 27 -- A sustained decline in crude oil prices, stronger corporate earnings and a renewed focus on stock valuations could help Indian equities recover from recent weakness, although geopolitical uncertainty and domestic macroeconomic pressures are likely to weigh on market sentiment in the coming months, according to a research report by Kotak Institutional Equities.

Kotak Equities identified three potential triggers for a market recovery, a durable end to the Iran-US conflict and normalisation of crude oil prices, stronger-than-expected corporate earnings, and a shift in investor attention towards valuations rather than short-term price movements and fund flows.

"We do not see any immediate relief for India's challenged ...