Stock Market Today, June 18 -- The benchmark Nifty-50 index, continuing its consolidation phase, ended at 24,853.40, down 0.37% on Tuesday. The Bank Nifty, at 55,714.15, also shed 0.41% to 55,714.15 levels. Most other sectors were led by pharma and metals. The IT sector was the only exception, gaining around 0.7%. In the broader markets, mid- and small caps lost 0.6-0.7%.

The Nifty failed in its attempt to breach the crucial resistance level of 25,000 and technically remains in a consolidation phase positionally. Traders should keep a close eye on 24,700, which is likely to act as a key support level on the downside, as per Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities.

Key supports for Bank Nifty are pla...