Stock market today, Aug. 7 -- The benchmark Nifty-50 index ended another weaker trading session on Wednesday with a 0.3% decline at 24,574.20. The Bank Nifty at 55,411.15 ended marginally higher after the RBI maintained the policy rate, which remained unchanged, and the stance neutral, while Realty, Pharma, and IT emerged as the top losers. The broader indices also ended nearly one percent lower.
On the downside, 24,500 for the Nifty-50 index continues to be a promising support zone, while 24,700 would act as a crucial resistance area for the bulls. Above 24,700, the pullback is likely to continue up to 24,850-24,900, said Shrikant Chouhan, Head of Equity Research, Kotak Securities.
The Bank Nifty index is nearing a crucial support zone...
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