Stock Market Today, May 23 -- The Benchmark Nifty50 Index, amid weak global cues, ended at 24,609.70 down 0.82% on Thursday. The Bank Nifty at 54,941.30 also lost 0.24% as most other indices led by IT, FMCG, and auto ended lower. The broader indices also saw pressure but managed to close with only marginal losses.

Nifty found support at its 20-day EMA (Exponential Moving Average) and bounced back. Nifty's immediate support is now seen in the 24400-24500 band, with resistances are placed at 24840 and 24946., as per Devarsh Vakil - Head of Prime Research, HDFC Securities.

Key support for Bank Nifty is placed at 54,000-53,500 as per Bajaj Broking

Despite a brief recovery midweek, domestic markets resumed their downward trajectory, pressur...