New Delhi, Sept. 3 -- The Nifty 50 began Wednesday's session with a gap down below the crucial psychological mark of 24,000. After remaining largely confined to the range formed during the first hour of trade, the index witnessed further weakness before finding buying support at lower levels.

From the intraday low, the index recovered 127.65 points and closed at 23,914.45. However, the index failed to fill the opening gap and ended the session below the 24,000 mark, keeping the short-term outlook cautious.

The day's trading activity led to the formation of a green-bodied candle with a lower shadow. The lower shadow highlights buying interest emerging from lower levels, while the green body indicates that the index managed to close above...