Nifty at 20,000: Journey So Far and Ahead

In many ways, Nifty 50’s journey is intertwined with the trajectory of India itself.

The journey of India’s Nifty 50, the flagship equity index, has indeed been an extraordinary one. If we turn the clock back to the close of 1996, Nifty was positioned at the modest 1,000 point mark, offering a snapshot of India’s economic landscape at that juncture. Fast forward to the present day, and it proudly stands at the towering summit of 20,000 points. This meteoric rise, characterised by a compounded annual growth rate (CAGR) of approximately 12 per cent, not only narrates the tale of the financial markets but also mirrors the dreams and ambitions of 1.4 billion Indians.