Foreign investors are returning to Indian equities, corporate earnings are showing strong growth, and stock market valuations have become more reasonable. With three key indicators turning favourable together, market experts believe Indian equities could be entering a stronger phase after nearly two years of uncertainty. Is the Indian stock market preparing for another bull run? A sharp return of foreign institutional investors (FIls), stronger-than-expected corporate earnings and relatively attractive valuations are raising hopes of a sustained recovery in Indian equities.