Mumbai: The NSE S&P CNX Nifty on 28 May touched a historical peak of 4,295.60 before paring gains due to fag-end profit selling, but still closed up by 8.40 points on the back of a smart rally in banking and midcap counters. Meanwhile, the benchmark Sensex ended at 14-week high during the week under review that saw high volatility.
Short-coverings ahead of the expiry of the May contract of futures & options (F&O) on Thursday also aided the firm trend. Positive global advice too boosted the market sentiment. In Asia, besides Taiwan, most of the other markets ended higher on Monday.
After touching an all-time trading high of 4,295.60, the S&P CNX Nifty dropped to a low of 4,242.80 before concluding the day at 4,256.55, still showing a gain of 0.20% over Friday’s close of 4,248.15.
The Bank Nifty firmed up by 83.60 points to 6,283.95, the CNX Midcap by 70.90 points to 5,651.85, the CNX Nifty Junior by 56.05 points to 8,029.95, the S&P CNX 500 by 17.60 points to 3,545.85, the S&P CNX Defty by 11.40 points to 3,639.35 and the CNX 100 11.05 points to 4,148.40. However, the CNX IT declined by 34.30 points to 5,274.80.