Stock Market today, March 28 -- The benchmark Nifty-50 index rebounded 0.45% on Thursday to end at 23,591.95. Bank Nifty gained 0.72% to 51,575.85 while most other sectors led by Realty and Oil & Gas stood among gainers. Auto and Pharma, nevertheless were some of the losers

Having bounced from the lows, Nifty 50 could now encounter the key overhead resistance around 23,850 levels in the short term. Immediate support is placed at 23,400 levels, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

For Bank Nifty, Bajaj Broking expects we expects the index to sustain above the recent major breakout area of 50,500 and gradually head towards 53,000 levels in coming weeks.

The shift in FII stance, coupled with strength i...