Stock Market Today, June 17 -- The benchmark Nifty-50 index ended 0.92% higher at 24,946.50 on Monday, starting the new week on a strong note. The Bank Nifty at 55,944.90 also gained 0.75%, while most other sectors, led by IT, Realty, and Metals, ended with gains. In the broader indices, the mid- and small-caps ended almost 1% higher.

With investors awaiting the Fed's follow-up commentary post the rate announcement, a steep directional move is not expected for now. However, a rally towards 25,350 looks highly probable once Nifty reclaims the 25,000 mark. On the downside, support is placed at 24,850, as per Rupak De, Senior Technical Analyst at LKP Securities.

For the Bank Nifty, the revised support will be at 54,500 levels, followed by ...