Market to find clear direction by 2025-end as earnings rebound: Motilal Oswals Siddhartha Khemka

Indian equities may regain momentum by late 2025 as valuations normalise and earnings bottom out, says Siddhartha Khemka of Motilal Oswal. He expects strong growth from FY27 led by financials, autos, and capital goods, setting up the next rally phase.