We have seen 5,000, 6,000, 7,000, 8,000, 9,000 10,000 and we will see even higher from that,” says Gaurang Shah of Geojit BNP Paribas. “Who said 10,000 is a limit? It is just the hype created around 5-digit magical round figure number. Many analysts say that 10,000 is just a mark and Nifty is poised for much higher levels in the long term. Many equity mutual funds gave even higher returns than what Nifty has delivered – only if investors had stayed there for the long term. Long-term investors who bet on the India story have reaped handsome gains. But the journey of Nifty has been anything but smooth. Today after 21 years, the Nifty hit the magical 10,000 mark – or in other words, investors’ money has grown 10 times in 21 years. The NSE benchmark Nifty 50 index began its journey in 1996 with a base value of 1,000. The Nifty Story: From 1,000 To 10,000 In 21 Years
