Buy or sell stocks, Feb. 7 -- The Indian stock markets closed in the red on Thursday, February 6, weighed down by index heavyweight stocks and the escalating US-China trade war. The Nifty 50 index closed 0.39 per cent lower at 23,603.35 points, compared to 23,696.30 points at the previous stock market close.

The BSE Sensex closed 0.27 per cent lower at 78,058.16 points, compared to 78,271.28 points at the previous market close.

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, said the Nifty 50 index was subject to some profit booking and slipped below the 50-EMA zone of 23,660 levels. Parekh estimates the Nifty 50 Spot index to find support at 23,500 points and face resistance at 23,800 points. The Bank Nift...