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.

People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters) At 2:50 pm IST, the benchmark BSE Sensex fell by a whopping 1,163.92 points or by 1.

A day after suffering strong losses of about 1.5 per cent, Indian stock market benchmarks- the Sensex and the Nifty 50 - jumped by almost a per cent each intraday on Friday, November 29.

According to the exchange data, Foreign Institutional Investors (FIIs) sold equities amounting to Rs 11,756.25 crore and Domestic Institutional Investors (DIIs) bought equities amounting to Rs 8,718.30 crore respectively on the previous trading day.

Stock markets rebounded strongly, led by sectors like Pharma and Media, with experts predicting further bullish trends ahead.

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.