Stock Market Today, March 5 -- The correction phase markets continued on Tuesday as the benchmark Nifty-50 Index ended 0.17% lower at 22,082.65. Bank Nifty, however, ended 0.27% higher at 48,245.20. The metals index was a key gainer, while the auto and IT index were key losers. In the broader markets, small caps rebounded slightly, though mid caps ended flat.
The benchmark Nifty-50 indices is trading near the key support zones 22000 and 21800. If the market recovers sharply from the lows of 21800, then we may see a strong reversal of the recent sell-off seen from the highs of 23800. A close below 21800 will be negative increasng the chances of touching 21500, said Shrikant Chouhan, Head Equity Research, Kotak Securities.
For Bank Nifty ...
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