New Delhi, March 18 -- After five consecutive months of losses, Indian stock market benchmark Nifty 50 showed some recovery in March despite turbulence on Wall Street, driven by concerns over the trade war and recession risks in the US economy.

On Tuesday, March 18, the Nifty 50 jumped over 1 per cent to 22,781 in intraday trade. At this price, the index has gained nearly 3 per cent in the current month.

Some valuation comfort, an improving outlook for India's economic growth, a significant decline in inflation, and expectations of further rate cuts from the Reserve Bank of India have been the key factors underpinning the domestic stock market.

However, the index is still 13 per cent down from its peak of 26,277, reached on September 2...