Stock Market Today, May 14 -- Profit-booking weighed on the Benchmark indices on Tuesday as Nifty-50 Index at 24,578.35 ended 1.39% lower. The Bank Nifty also corrected 0.8% to 54,940.80, while Auto, IT, FMCG stood among key losers though Pharma showed resilience and was a key gainer. In the broader markets mid and small caps also gained up to 0.8%

The short-term uptrend remains intact and the Nifty is expected to show bounce back from near the crucial supports of around 24500-24400 levels in the next few sessions. Immediate resistance is placed at 24800 levels, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Bajaj Broking expects the Bank Nifty to head towards 56,400 levels in the short term, while support for...