Stock market outlook, March 28 -- A sharp recovery in the Indian stock market in March, led by valuation comfort, return of foreign institutional buying and improvement in economic growth, has raised hopes that the trend could extend into the month of April.

If past trends are anything to go by, then there is a strong possibility that Nifty 50 could gain next month, which will also mark the start of a new financial year.

The last 10-year analysis for the Nifty 50 index shows that the index has shown a positive price seasonality in the month of April. A study by JM Financial shows that the index has closed in the green on seven out of the last ten occasions, yielding an average return of 2.4% and a median return of 1.3%.

Barring 2015, 2...