Nifty Closes Above 15,000 Mark After 25-Year Journey: Motilal Oswal Report
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Motilal Oswal Report
For the first time in history, the Nifty has closed above the psychological mark of 15,000 on February 08, 2021.
Nifty has come a long way after it was launched in April 1996, when it traded at 1,107, with the base year of November 1995 set as 1,000.
Like the Sensex, which recently crossed the 50,000 market, Nifty took nearly approximately 18 years to reach 7,000 while the next 8,000 has come in the last ~6.8 years.
Nifty 50 Index constituents make up roughly 58% of the total India market cap.
On this spectacular journey, the Nifty has mirrored the country’s economic growth from the time that it was launched.
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