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- 1. Submitted By: Shiny Surbhi (BCMH1CF15033) Swaraj Madan (BCMI1CF15005)` Submitted To: Dr. Avijit Bakshi
- 2. History The NSE benchmark NIFTY 50 index began its journey in 1996 with a base value 1000. Today after 21 years, the NIFTY hit the magical 10000 mark-or in other words , investors’ money has grown 10 times in 21 years. But the journey of NIFTY has been anything but smooth. Long term investors who bet on the India story have reaped handsome gains. Many equity mutual funds gave even higher returns than what NIFTY has delivered-only if investors had stayed there for a long term.
- 3. • 2000 :- 2nd December 2004 • 3000 :- 30th January 2006 • 4000 :- 1st December 2006 • 5000 :- 27th September 2007 • 6000 :- 11th December 2007 • 7000 :- 12th May 2014 • 8000 :- 1st September 2014 • 9000 :- 14th March 2017 • 10000 :- 25th July 2017
- 4. NIFTY at 1000:- 1996 The NIFTY was launched in 1996 with the base value of the index set at 1000. NIFTY at 2000:- 2004 Investors’ money in the NIFTY doubled in nearly 8 years as the index touched 2000 mark for the 1st Time in 2004, the year in which NIFTY delivered a return of nearly 10%. NIFTY at 3000:- 2006 NIFTY touched the 3000 level for the first time in January 2006.
- 5. NIFTY at 4000:- 2006 2006 is considered as one of the best years in the history of Indian Stock Markets. NIFTY delivered nearly 40% return that year and crossed landmark like 3000 and 4000 amid a global market rally and improvement in corporate earnings growth. NIFTY at 5000:- 2007 NIFTY crossed 5000 mark for the first time in 2007 amid aggressive buying by foreign and domestic funds. A rally in the global market also supported this move.
- 6. NIFTY at 6000:- 2007 NIFTY crossed the 6000 mark as well in 2007 for the first time. In 2007, NIFTY rallied nearly 55% and hit multiple landmarks like 5000 and 6000. NIFTY at 7000:- 2014 Indian Markets regained momentum in September 2013, after Narendra Modi was chosen as Prime Minister candidate of the BJP. The market rally continued after BJP won a strong mandate in 2014 elections. After 3 years of subdued performance, NIFTY touched the 7000mark for the first time in May 2014.
- 7. NIFTY at 8000:- 2014 NIFTY also crossed the 8000 mark in September 2014 as market participants bet that Prime Minister will push through more economic reforms. NIFTY at 9000:- 2015 The rally in Indian markets, which started in September 2013, extended to the first half of 2015 as well. NIFTY crossed the 9000 mark for the first time in March 2015 on continued buying by foreign investors. NIFTY at 9000:- 2015 A smooth initial rollout of GST, good monsoon and hopes of a rate cut by the RBI as well as earnings recovery propelled NIFTY to the 10000 mark today.