New Delhi, March 17 -- Indian equities, which have been under a relentless selling pressure over the past six months, appear to be bottoming out, and they are unlikely to see any major decline from the current levels, Aniruddha Sarkar, chief investment officer (CIO) and portfolio manager at Quest Investment Advisors, said.

"We're not necessarily at the absolute bottom, but we're hovering close to it," Sarkar told Mint in an interview.

From a lofty 24 times price-to-earnings earnings multiples to around 19x PE on FY26 estimates and 17.5x on FY27, Sarkar said that valuations now look far more reasonable.

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