Stock Market Today, Feb. 20 -- The 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 sectors outperformed, while IT and pharma were the losers. The broader markets also rebounded with mid- and small-caps rising 1.5%- 2.3%.

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

The Nifty Bank index...