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Nifty50's rapid rise to 25,000 highlights its strong growth momentum and resilience.
The Nifty50 hit the milestone of 25,000 on August 1, after a robust 650-point surge in July. The rapid ascent to this new high reflects the shortest 5,000-point rally in the index's history, underscoring the Nifty 50's remarkable growth momentum.
In just 11 months
The Nifty50's journey to 25,000 from 20,000 took just 221 sessions or less than 11 months, marking the shortest 5,000-point rally for the index. The index hit the 20,000 mark on September 11, 2023, highlighting an impressive pace of growth.
In contrast, the previous 5,000-point rally from 15,000 to 20,000 took over two and a half years, with the 15,000 mark reached on February 8, 2021. Before that, the Nifty50's journey from 10,000 to 15,000 spanned over three and a half years, with the index hitting the 10,000 mark on July 26, 2017. Notably, the climb from 5,000 to 10,000 took almost ten years (the index reached 5,000 on September 27, 2007).
The Nifty 50's initial ascent to 5,000 was a long journey of nearly 12 years, following its inception in November 1995 with a base value of 1,000. It took nearly 28 years and eight months to progress from 1,000 to 25,000, showcasing a remarkable long-term growth trajectory.
Overall, the Nifty50 has experienced a notable rise of nearly 14% year-to-date in 2024 and has increased by 26.6 % over the past year. Over the longer term, spanning three years, the index has delivered impressive returns of 55.7%.
Market optimism
Market experts remain optimistic about the continued positive momentum in the Indian market. Analysts believe the strong macroeconomic fundamentals, India's robust global position, and consistent corporate earnings will sustain the upward trajectory. These factors are expected to support further growth and stability, even amid temporary setbacks like today's market dip.
Market experts advise investors to focus on the long-term potential of Indian equities, emphasising the resilience of the domestic economy and its ability to withstand short-term fluctuations.
The rapid rise to 25,000 highlights the index's strong growth momentum and resilience. This historic rally reflects India's robust economic fundamentals, fuelling optimism for continued market strength in the long term.
(By arrangement with livemint.com)
