New Delhi, Aug. 18 -- Stocks to buy for the short term: Snapping their six-week losing streak, the Indian stock market benchmark Nifty 50 ended over a per cent higher last week, ending August 14.

The index is expected to extend the gains, buoyed by favourable global signals. US President Donald Trump has indicated he may rethink secondary tariffs on India. There are also expectations that the Russia-Ukraine war could be near its end.

According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, sustained upside momentum will require a decisive move above 24,700, which could set the stage for a relief rally towards the 24,800-25,000 zone.

Conversely, a decline below 24,350 could lead to a retest ...