Market analysts express concerns about Nifty's downward trend, with support around 23,600 and potential declines towards 23,500. Bank Nifty shows weakness, with critical support at 51,800. Caution is advised amidst geopolitical tensions and inflation worries.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,914.15, while Sensex ended at 79,043.74.

For the week, BSE Sensex and Nifty gained 1 percent each, while for the month of November, Sensex added 0.5 percent, while Nifty slipped 0.30 percent.

The Nifty 50 ended the session with a gain of 0.91%, closing at 24,131, while the Sensex rallied by 0.91%, finishing at 79,760. However, the broader markets underperformed the benchmark indices.

Indian stock markets show resilience with Sensex up 0.87% and Nifty up 0.82%, telecom and pharma stocks lead gains.

Bharti Airtel surged 3.82 per cent to Rs 1,620. Sun Pharma advanced 2.87 per cent to Rs 1,784 while Mahindra & Mahindra added 2.32 per cent to Rs 2,963 apiece. Larsen & Toubro, RIL and JSW Steel gained up to 2 per cent.

The S P BSE Sensex surged 663 points to reach 79,702.09 by 10:33 am, while the NSE Nifty50 climbed 154.60 points to trade at 24,084.95.

The BSE Sensex opened 12-odd points lower at 79,032, and soon jumped over 150 points to 79,200 levels. The NSE Nifty quoted around 23,960 – up 50 points. Following yesterday’s sharp sell-off, investors are likely to remain nimble footed in today’s trading session,