New Delhi, Nov. 9 -- The Indian stock market has underperformed major domestic and emerging markets over the last year, largely due to stretched valuations, weak earnings, foreign capital outflow and dearth of AI-play.

Nifty 50 has gained just 6 per cent over the last year, while the S&P 500 has jumped over 12 per cent.

However, this period of consolidation may be nearing its end, as India's stable Q2 earnings and optimistic management commentaries have raised hopes for a revival in earnings, which could drive the key indices to unprecedented heights in the coming months.

Nevertheless, global uncertainties remain a key overhang. The India-US trade deal remains among the key factors that will dictate market trends going ahead.

Consider...