Stock market today, May 7 -- The benchmark Nifty-50 index on Tuesday ended 0.33% lower at 24,379.60, as caution prevailed among mixed cues. The Bank Nifty ended more than 1% lower at 54,271.40. Most other sectors led by Realty, oil and gas with an exception of the Auto sector trended lower. Broader indices also lost more than 2%

Despite today's correction, the short-term trend for the Nifty remains positive. On the upside, the 24,500 level is likely to act as immediate resistance, while the 24,200 level could provide immediate support, said Nandish Shah - Deputy Vice President, HDFC Securities

Immediate resistance for Bank Nifty is placed at 55,000, followed by 56,000, while key support lies at 53,890, said Hrishikesh Yedve, AVP Technic...