Stock Market Today, May 9 -- The benchmark Nifty-50 index ended 0.58% lower at 24,273.80 on Thursday. Bank Nifty at 54,365.65 was also down 0.45% as most other indices, led by realty, metal, and auto, while IT was the only key gainer. Broader indices saw 1.5-2% correction.

The near-term sentiment now appears weak, with the potential for further correction in the short term. Immediate support for Nifty is seen at 23,950; a break below this level could lead the index down towards 23,450. On the upside, resistance is placed at 24,400 and 24.550, said Rupak De, Senior Technical Analyst at LKP Securities

For the Bank Nifty, immediate resistance is placed at 55,000, followed by 56,000, while key support lies at 53,890, as per Hrishikesh Yedve...