Stock Market Today, Jan. 27 -- The benchmark Nifty 50 and S&P BSE Index for the week ended 24 January 2025 at 23,092.20 and 76,190.46, respectively, ended 0.5% down Week or Week. The Bank nifty at 48,367.80 also ended marginally lower while IT and Healthcare were among the key gainers and Industrials & Realty among the top underperformers. The broader markets remained under higher pressure as mid and small caps ended 2.5-4% lower.

Since the past four trading sessions, Nifty has been trading in the broad range of 23000 - 23400, and until Nifty does not breach the support zone of 23050 - 23000, we can expect the rangebound price action to continue. A breach below 23000 could lead to a fall towards 22670 which coincides with the 38.2% Fibon...