New Delhi, March 23 -- At first glance, it appears that the worst may be over for the Indian stock market. After five consecutive months of losses, the benchmark Nifty 50 index has risen nearly 6% in March.

This sharp rebound can be attributed to attractive valuations, improving macroeconomic conditions, and declining foreign capital outflows.

Nifty 50 settled 0.70 per cent higher at 23,350.40 on Friday, March 21. The index is still 11 per cent down from its peak of 26,277.35 reached on September 27 last year.

The road ahead will depend on how Q4 earnings unfold and how global factors, including US President Donald Trump's tariff policies, evolve. Investors will also focus on upcoming macroeconomic data and the monsoon season in the co...