Stock Market Today, Aug. 6 -- The benchmark Nifty-50 index ended 0.3% lower at 24,649.55 on Tuesday as concerns about the tariff threat prevailed. The Bank Nifty at 55,360.2 also ended 0.5% lower, while Pharma, FMCG, and IT led the fall for most indices with the exception of auto and consumer durables. The mid- and small-caps also lost 0.16-0.39%
For Nifty, the recent swing low of 24,535 is expected to serve as immediate support. On the upside, 24,785 and 24,950 are two key hurdles, as per Nandish Shah - Deputy Vice President, HDFC Securities.
For Bank Nifty, support lies at Rs.55000 - 54800, while it faces Resistance in the Rs.55700 - 56000 zone, as per Rajesh Bhosale, Equity Technical Analyst, Angel One.
The market is is expected to ...
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