Stock Market Today, May 5 -- The benchmark Nifty-50 index during the week ending 2 May, closed at 24,346.70 on a positive note and was up 1.3% week on week. The Bank Nifty at 55,115.35 was 0.8% while Realty, pharma and Autos were among top gainers, while metals, FMCG and Utilities were the top losers. Broader markets closed marginally lower.

For Nifty 24,200 would act as a sacrosanct support zone and above this level, its positive momentum up to 24,600-24,800. On the flip side, below 24,200, the chances of hitting the 200-day SMA or 24,050 would increase, said Amol Athawale, VP- Technical Research, Kotak Securities.

For Bank Nifty, 55,800 would be the immediate breakout level and above this, it could move up to 56,100-56,500, added Atha...