New Delhi, April 18 -- Indian equities may be entering a more constructive phase after recent corrections, with improving valuations and multiple contrarian indicators signalling potential upside, according to the latest market outlook report by DSP Mutual Fund.

The report highlights that benchmark indices are now trading closer to historical averages, creating a more favourable entry point for investors. "Valuations are now between fair and average. It is prudent to start raising equity weights while the market is falling and moving closer to fair value," the report noted.

Market sentiment has remained weak amid sustained corrections, but this has also triggered several bullish signals. Volatility indicators, oversold conditions, and r...