Business Standard

Nifty50 took 1,613 trading sessions to climb from 8,000 to 13,000 level

The Nifty had slipped below the 8,000 mark on March 23 at the peak of the Covid-19 selloff. From there to 13,000 has barely taken 170 trading sessions, or eight months.

Nifty50, nifty

The 1,000-point milestone has taken an average 28 trading sessions. This sharp rise has stunned many on the Street, given the devastating impact caused by the pandemic

Samie Modak Mumbai
The benchmark Nifty50 index had hit the 8,000 mark for the first time in September 2014. It took the index over six years (1,613 trading sessions) to scale the 13,000-mark— a gain of more than 60 per cent.

On an average, every 1,000-point milestone took about 270 trading sessions. Even the latest 1,000 point increase took nearly 18 months—the Nifty had first topped the 12,000 mark in June 2019. However, the index has managed to chart the same path nearly 10 times faster this year.

The Nifty had slipped below the 8,000 mark on March 23 at the

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First Published: Nov 26 2020 | 12:52 AM IST

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