New Delhi, Feb. 4 -- Indian stock market benchmark Nifty 50 ended in the red for the second consecutive session on Monday, February 3, dragged by concerns over US President Donald Trump's tariff policies and weak capex allocation in the Union Budget 2025.

The Nifty 50 settled at 23,361.05 on Monday, with a loss of 0.52. The index is now 11 per cent down from its all-time high of 26,277.35 hit on September 27 last year.

According to Rupak De, Senior Technical Analyst at LKP Securities, on the daily chart, the Nifty 50 managed to close above the critical 21EMA; however, sentiment appears fragile, and support may be broken in the near term.

"On the lower end, support is placed at 23,200 and 23,100, while on the higher end, resistance is p...