Stock Market Today, March 27 -- The benchmark Nifty-50 index corrected 0.77% on Wednesday to close at 23,486.85, wiping out part of gains seen during last few trading sessions. Bank Nifty saw a similar decline ending at 51,209.00, while most other sectors led by Realty, IT, and pharma stood among losers. The broader indices also corrected 0.7%-1.2%.

For the Nifty-50 index immediate support is placed near 23,400, coinciding with 100 and 200-day exponential moving averages. A strong support exists at 23,141 while Potential resistance levels are anticipated at 23,600 and 23,869, as per Devarsh Vakil - Head of Prime Research, HDFC Securities

For Bank Nifty the next leg of the up move will likely develop only after successfully navigating th...