Mumbai, Dec. 22 -- The domestic equities are expected to deliver a resilient performance over the medium term of 6-24 months, supported by a broad-based recovery in earnings, strong domestic demand and continued policy support, according to a report by PL Capital.

The report highlighted that the earnings cycle is gradually broadening, with consumption, investment and exports showing signs of recovery at the same time. This simultaneous improvement across key growth drivers is expected to strengthen the overall market outlook and create multi-sector momentum over the coming quarters.

It stated, "Earnings cycle broadens as consumption, investment and exports recover simultaneously. Capex cycle plus government spending creates multi-sector...