Market Outlook, June 27 -- Indian equities could be on the verge of regaining momentum after months of underperformance, as several factors that have weighed on the market since September 2024 are beginning to reverse, according to a strategy report by ICICI Securities.

The brokerage believes that a combination of improving macroeconomic conditions, more reasonable valuations, easing foreign investor selling and softer crude oil prices has created a more supportive backdrop for equities. While risks remain, the report suggests the balance of factors is turning increasingly favourable for the domestic market.

Indian equities have faced a challenging period over the past several months. High valuations, slowing nominal GDP and earnings gr...