Stock Market Today, April 30 -- The Benchmark Nifty-50 index, on a cautious note, ended almost flat (up 0.03%) at 24,335.95 on Tuesday. The Bank Nifty at 55,391.29 also ended marginally lower though metals, Pharma were key losers while IT index gained the most. The broader indices ended only marginally higher.

Th consolidation may continue in the short term, especially as the Nifty 50 index has yet to give a decisive breakout above 24,550, where the 61.80% retracement level lies. On the lower end, support is placed at 24,250; a breach below this level could trigger increased selling pressure in the market, said Rupak De, Senior Technical Analyst at LKP Securities.

The index is expected to consolidate between 54,450 and 56,000 in the nea...