New Delhi, May 26 -- Despite Friday's healthy gains, Nifty 50 declined over half a per cent for the week ended May 23 on profit booking amid a lack of fresh positive triggers.

The benchmark slipped below the crucial 24,500 mark amid bouts of profit booking, though it managed a partial recovery by the end of the week.

On Monday, May 26, the index reclaimed the 25,050 level in intraday trade, boosted by RBI's hefty dividend to the government, Trump's decision to postpone tariffs on the European Union and the dollar's decline.

Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, pointed out that the index continues to hover near the 161.8 per cent Fibonacci extension level, while the golden crossover z...