Nifty 50 Hovers Near 23,600 Support Amid West Asia Tensions

The Nifty 50 closed lower for a fifth straight session on July 24, approaching key support at 23,600 as escalating West Asia conflict pushed crude oil prices sharply higher to around $100 a barrel. A decisive break below 23,600 could trigger further correction towards 23,500-23,350 zone, while holding above may lead to a rebound towards 24,000-24,100. The Bank Nifty rebounded 0.2%, but short-term trends remain weak.