New Delhi, April 16 -- Stocks to buy for the short term: Frontline indices ended with strong gains on Wednesday, April 16, propelled by hopes that an end to the US-Iran conflict could be near after reports suggested both countries would come back to the negotiation table in the next few days.

The Sensex surged 1,264 points, or 1.64%, to close at 78,111, while the Nifty 50 jumped 389 points, or 1.63%, to settle at 24,231.

The domestic market is expected to extend its gains on Thursday, April 16, amid positive global cues. Major Asian markets traded higher on Thursday, following overnight gains on Wall Street, amid rising hopes of a US-Iran peace deal.

On the technical front, the Nifty 50 appears poised for an uptrend.

Amol Athawale, VP...