New Delhi, Aug. 19 -- Stocks to buy for the short term: The Indian stock market appears to be ripe for a trend reversal due to a confluence of global and domestic factors. On the domestic front, proposed GST reforms, healthy macroeconomic indicators, and an above-normal monsoon are the key tailwinds. On the global front, the prospects of an end to the Russia-Ukraine war and expectations of a US Fed rate cut in September are the major positives.

The Nifty 50 ended 1 per cent higher at 24,876.95 in the previous session, and experts expect the index to extend gains to 25,000 and even beyond that.

"The sentiment remains positive, with the potential to revisit 25,000 in the coming days. Immediate support is placed at 24,800, below which the ...