Stock Market Today, Feb. 5 -- Indian Stock Markets saw a strong rally on Tuesday as the benchmark Nifty-50 index and the S&P BSE Sensex rose to end at 23,739.25 and 78,583.81, respectively, a rise of 1.62-1.81%. The Bank Nifty also surged 1.93% to 50,157.95. Most sectors, including metals, pharma, and oil & gas, recorded strong gains.

The decisive break above the critical resistance at the 200 DEMA, i.e. 23,620, in Nifty has potentially strengthened its position further. The next target range is 23,900-24,200, said Ajit Mishra - SVP, Research, Religare Broking Ltd.

The immediate support level for Bank Nifty has shifted higher to 49,600-49,500, while the 50,200-50,300 zone serves as a key resistance, as per SAMCO Securities.

On Monday, ...