New Delhi, March 25 -- Indian stock market is witnessing a stellar rally from its recent lows, with the benchmark indices, Sensex and Nifty 50, extending gains for the seventh consecutive session on Tuesday. While the market uncertainties over the short-term prevail, the broader macroeconomic fundamentals remain strong for the medium to long term.

According to brokerage firm Anand Rathi's latest stock market outlook, corporate earnings, domestic equity inflows, and attractive valuations create opportunities for strategic stock picking. The Nifty 50, currently trading at 17.8x one-year forward earnings, is at a discount of 5.4% to its five-year median and 12.9% to its ten-year median.

While short-term volatility persists due to geopoliti...