Nifty's 7% surge in March so far is engineered by a rare triple

Nifty's 7% surge in March so far is engineered by a rare triple move where stock markets are moving up, bond yields down and rupee moving up against the dollar. This happenstance could lead to further upside, says market expert Sandip Sabharwal who sees markets in good stead "directionally".

Sabharwal said that the probability of markets building-up on the current gains is high. While the current rally is promising, investors must remain cautious and closely monitor market responses to evolving economic conditions before drawing conclusions about the long-term trend, he warned.