Stock Market Today, Feb. 20 -- Consolidation phase in the markets continued on Wednesday as benchmark Nifty 50 Index and the S&P BSE Sensex ended 0.04-0.05% lower at 22,932.90 and 75,939.18, respectively. The Bank Nifty saw a sharp recovery of almost a per cent to end at 49,570.10. The Oil & Gas, realty and metals outperformed, while IT and pharma were losers . The broader markets also rebounded with mid and small caps rising 1.5%- 2.3%.

Support of 22,800 is well intact in Nifty 50 and due to improvement in the broader market performance, index has got good chances to extend the pullback towards the next resistance of 23,235, said Vinay Rajani, Senior Technical & Derivative Analyst, HDFC Securities.

Nifty Bank index is still placed belo...