Stock Market Today, May 12 -- Amid rising concerns led by India and Pakistan conflict, during the week ending 9 May 2024, the benchmark Nifty-50 index ended around 1.4% lower . Bank Nifty ended 2.6% lower at 53,595.25, while Realty, pharma, utilities were also key loser though Autos and Industrials were among key outperformers. In the broader markets the mid and small-caps also corrected around 0.9%- 2.17%.

As long as the Nifty remains below the 24,150 level, weak sentiment is likely to continue and Nifty could retest the 23,800 followed by 23,600. On the upside, a move above 24,150 could signal a pullback rally to 24,350-24,450, as per Amol Athawale, VP- Technical Research, Kotak Securities.

For Bank Nifty, the 20-day SMA or 54,000 wil...