New Delhi, March 4 -- March has historically been a strong month for market recoveries, with an average gain of 1.7 per cent since 2009 (excluding 2023), says a report by Axis Securities.

The report highlighted that Nifty has never recorded six consecutive months of decline, suggesting that a potential rebound could be on the horizon.

It said "The Nifty has never recorded six consecutive months of declining prices in history, suggesting a potential rebound".

Indian stock market has been under pressure for the past five months, with the Nifty 50 index witnessing a sharp decline of nearly 16 per cent from its record peak of 26,277 in September 2024.

This marks the sixth-largest drop since the 2008-09 Great Recession and the second-bigge...