Nifty 10000: Nifty’s two-decade journey from 1,000 to 10,000 - News Summed Up

Nifty 10000: Nifty’s two-decade journey from 1,000 to 10,000


made history +Nifty's +National Stock Exchange's (NSE) broader benchmark index Nifty 50 on Tuesdayby breaching the landmark 10,000 level. The journey from thebase value of 1,000 in 1996 when it was launched to 10,000 has taken 21 years. Here's a look back at all the landmarks over the last two decades of Nifty's existence.The Nifty index was launched and base value set at 1,000 on April 21, 1996.The Nifty touched 2,000 on December 2, 2004, doubling investors' wealth eight years after it was launched.It took the Nifty a little over a year to go from 2,000 to 3,000 when it hit the psychological mark on January 30, 2006By December 1, 2006 the Nifty had gained another 1,000 points, zooming to 4,000 in less than a year.Another year, another 1,000 points. The Nifty hit 5,000 on September 27, 2007, that's 10 months from the earlier psychological landmark.2007 was to see another landmark being hit when the Nifty touched 6,000 on December 11, 2007.The journey from 6,000 to 7,000 took 7 long years when the Nifty hit the 7k mark on May 12, 2014. Modi was perceived by the Street as a prime minister who would push economic reforms aggressively.


Source: Times of India July 25, 2017 09:03 UTC



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