Stock market today, Sept. 4 -- The benchmark Nifty-50 index gained 0.55% to 24,715.05 levels on Wednesday, led by optimism around the GST Council meeting. The Bank Nifty at 54,067.55 gained 0.76% while metals, Pharma were other key gainers, though IT stood among key losers. The mid and small-caps gained 0.65-0.9%.
For the Nifty-50 index, 24,750 would be the immediate resistance zone. A successful breakout above 24,750 could push the market towards 24,850-24,900, while 24,600 and 24,500 would be key support zones, as per Shrikant Chouhan, Head Equity Research, Kotak Securities.
Bank Nifty has immediate support at 53,500-53,300 level, as per Bajaj Broking.
Investors remain focused on the outcome of the 2-day GST Council meeting amidst ex...
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