New Delhi, May 27 -- Stocks to buy for the long term: The Indian stock market benchmark Nifty 50 looks set to extend its winning run to the third consecutive month. After a 6.30 per cent rise in March and a gain of 3.46 per cent in April, the Nifty 50 is up 2.74 per cent in May till the 26th.

Favourable macro, healthy retail buying and largely stable Q4 earnings have kept the market up despite persisting concerns over Trump's tariffs and their impact on the global economy.

The Indian stock market could remain on a strong footing in the medium term due to a bright growth outlook, expectations of a healthy monsoon, easing inflation and a strong influx of retail investors.

However, experts warn that the valuations look a bit on the higher...