New Delhi, May 6 -- Stocks to buy for the short term: The Indian stock market has been rangebound over the last few sessions amid escalating tensions between India and Pakistan in the wake of the Pahalgam terror attack. Benchmark Nifty 50 declined about 0.40 per cent in morning trade on Tuesday, May 6, as investors keep a close tab on the evolving situation between the two Asian countries.

The outcome of the US Federal Reserve meeting, due on Wednesday, is also in focus, even as the market expects the US central bank to hold rates. Fed Chair Jerome Powell's comments on growth and inflation will be the key factor for the markets globally.

Experts suggest investors be cautious due to heightened uncertainty on the India-Pakistan front. The...