New Delhi, May 26 -- After months of being weighed down by persistent FII outflows, Indian equity markets have shown a sharp turnaround in recent weeks. According to PL Capital, the Nifty has delivered an impressive 10 percent return over the past six weeks, fueled by better-than-expected corporate earnings in the fourth quarter of FY25. Excluding oil and gas, earnings surprised on the upside, with EBITDA and PBT beats of 5.1 percent and 9.2 percent, respectively.

The brokerage noted that markets have digested the uncertainty surrounding global tariff wars, buoyed by hopes of constructive trade agreements and reduced disruption. However, PL Capital cautioned that the end of global turmoil remains elusive, citing China's slowing growth, s...