Yesterday (26th July 2017), the Nifty 50 closed above 10,000 for the first time. In this post, let us discuss what we can learn from its journey from 1,000 to 10,000. This post is inspired by a comment from Ravikiran Suryanarayana: “How many of you noticed that it took 7 long years for Nifty to scale from 6000 to 7000?” made in a thread that displayed Nifty 1000 point milestones.
First, let us look at every 1000 point milestone from 1000 to 10,000.
The Sensex staircase is clearly visible here. If you see an “infographic” that just states the date on which the index hit a + 1000 landmark, it can be quite misleading about the reward associated. As Ravikiran so succinctly pointed out, time matters!