Stock Market Today, Feb. 11 -- The market consolidation persisted as the benchmark indices, Nifty 50 and S&P BSE Sensex, closed at 23,603.35 and 78,058.16, registering declines of 0.39 per cent and 0.27 per cent, respectively, on Thursday. Meanwhile, Bank Nifty edged up by 0.08 per cent to settle at 50,382.10.

However, most sectors, except IT, ended in the red, with Realty, FMCG, and Auto being the major losers. The broader markets also declined, slipping 0.3 per cent and 1.26 per cent, respectively.

Speaking on the Nifty50 outlook, Rupak De, Senior Technical Analyst at LKP Securities, "The decline continues in the headline index as it has been falling after forming a lower top on the daily chart. Sentiment has weakened further after Ni...