New Delhi, Feb. 24 -- Market recap: Nifty50's performance on 21 February

Nifty50, India's benchmark index, continued to trade on a negative note following a gap-down opening on Friday. The index opened at 22,857, and registered a low of 22,720 before closing at 22,795. It marked a loss of approximately 0.51% for the day, forming a bearish candlestick pattern.

Barring Nifty Metal, all major sectoral indices closed in the red on Friday, with the auto, pharma, and realty sectors being the biggest losers. The advance-decline ratio was skewed toward decliners, with a ratio of approximately 2:1.

On the weekly timeframe, Nifty50 lost around 0.71% and formed a red doji candle, reflecting a lower-high and lower-low price structure. Auto (-2.55%...