India’s equity markets have under-performed global peers over the past year, but analysts say a rebound may be near as foreign institutional investor (FII) interest increases and corporate earnings begin to strengthen. According to market strategist Sunil Koul, improving earnings quality combined with renewed foreign capital flows could help revive broader market performance in the near term. Caution remains over valuations and global headwinds, but sentiment appears to be tilting more positive than recent months.