Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday, weighed down by ongoing foreign fund outflows and selling pressure in auto and pharma stocks. Rupak De of LKP Securities said that he sees a possibility of recovery in the near term. Immediate support is placed at 24,350. A further recovery above 24,750 could lead to a move towards 25,250. However, a significant correction may occur if Nifty falls below 24,350.
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