New Delhi, Feb. 21 -- Nifty and Bank Nifty analysis: Market recap for 20 February

The Indian stock market opened with a gap-down on Thursday, 20 February, but saw a swift recovery in the initial phase. However, selling pressure resurfaced, keping the Nifty 50 below the 23,000 mark throughout the session.

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Both Sensex and Nifty 50 ended the session in negative territory. The Nifty 50 index declined by 19.75 points to settle at 22,913, while the Bank Nifty index fell 235.55 points to 49,334.55, a drop of 0.48%.

Sectoral performance was mixed, with financial services, banking, and the service sector experiencing declines of 0.75%, 0.48%, and 0.36%, respectively. However, ...