New Delhi, March 5 -- Nifty 50 on 4 March

Nifty 50 extended its losing streak for the 10th consecutive session on Tuesday despite a strong recovery from its early losses. Tracking global market cues, the index had a gap-down opening at 21,974 but quickly rebounded from the day's low, reclaiming 22,000 within the first hour of trading. It then remained between 22,000 and 22,100 before closing flat at 22,083.

Nifty PSU banks, PSE and energy stocks posted gains, while the auto, IT, FMCG and pharma sectors declined. Market breadth favored advancers, with an advance-decline ratio of 1.50, indicating stronger buying sentiment in select stocks.

From a technical perspective, the index breached the 22,000 psychological level intraday but manage...