Historic milestone: Nifty breaks 20,000 barrier in ongoing bull market!
Shri Ashishkumar Chauhan, MD and CEO of National Stock Exchange shared his views on the landmark achievement of Nifty 50 crossing 20,000 points milestone for the first time
The Nifty 50 index reached a milestone, in today’s trading session, by surpassing the 20,000 level, achieving this feat in 52 sessions since it initially crossed the 19,000 mark on June 28, 2023. This represents a remarkable ascent of more than 3,150 points since it hit its lowest point in 2023, which was 16,828 on March 20, 2023.
Shri Ashishkumar Chauhan, MD and CEO of National Stock Exchange shared his views on the landmark achievement of Nifty 50 crossing 20,000 points milestone for the first time - “Nifty 50 - India’s favourite stock index reached a historic and an important milestone of 20,000 mark today. Nifty 50’s progress over last 27 years, since it was launched at initial number of 1,000, shows is a testament to the trust Indian and foreign investors place in India’s capital markets and its regulatory, legal system to provide fair, efficient, transparent, low-cost, always available, orderly market place that is better than the best in the world and thought as well as execution leaders in the world not only in terms of trading technologies but also in corporate governance. More than 7.5 crore direct unique PAN numbers having investors are now registered with us suggesting that 5 crore households now directly invest a portion of their savings in equities market via the best in class, most automated, highly regulated markets provided by NSE consistently for several decades since its inception.
My own feeling is that India has come a long way in last 30 years in its markets participation. We have a longer way to go. This is a good beginning. There will be ups and downs in the journey going forward - like in the past. India will continue to progress and markets will continue to reflect that progress as seen in Nifty 50 index. NSE will continue to provide fair, efficient, transparent, orderly, low cost, highly automated markets to India in time to come.”
The Nifty's ascent to the 20,000-milestone mirrored historical market trends. Driven by strong corporate earnings, favorable global indicators, and significant foreign institutional investments, this rise was ignited by the resurgence of the IT and banking sectors. In today’s session, all broader market indices closed with gains. The Nifty Smallcap 50 surged by 1.38 per cent, closely followed by the Nifty Smallcap 100 with a 1.33 per cent increase.