New Delhi, March 16 -- Stocks to buy for the short term: The Indian stock market suffered strong losses for the week ended March 13, driven by escalating tensions between the US and Iran, a surge in crude oil prices, persistent FII outflows, and the Indian rupee hitting record lows.

Equity benchmarks, the Sensex and the Nifty 50, extended losses for the third consecutive week. Last week, the Sensex shed 4,355 points, or 5.5%, while the Nifty 50 lost 1,300 points, or 5.3%.

According to Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, the Nifty 50 is currently approaching the gap zone near 22,900, which was formed in April 2025 during the earlier phase of the rally.

Patel pointed out tha...