MUMBAI: The Nifty topped 10,000 for the first time as investors cheered the economy’s brightening prospects and the enthusiasm of small investors continued unabated given the 40%-plus returns in 17 months. The Nifty is up 42.61% since March 2016 while the Sensex has gained 40.11%. It took the Nifty four years to move from 6000 to 7000 points, but only three years to rise to 10,000. Average SIP flows stand at around Rs 4,800 crore a month, compared with Rs 2,790 crore a month in March 2016 and Rs 2,000 crore in March 2015. Foreign portfolio investors (FPIs) have pumped in roughly Rs 95,500 crore in Indian equities since March 2016 while mutual funds have invested about Rs 78,900 crore.

Source: Economic Times July 25, 2017 18:47 UTC