The NSE Nifty 50 touched a lifetime high of 11,581 on Tuesday, achieving a milestone that seemed unimaginable in 2002, when the broader 50-share indice hovered around the edge of 1,000. Nifty’s glory today has not come without its share of ups and downs, and it “has been a journey down numerous highways and byways,” according to a Motilal Oswal Securities report.
Over the years, the representation in Nifty-50 has undergone a sea change in consonance with the changes in the underlying economy – new sectors have evolved, while some have lost relative importance in the new India, the report adds.
Here’s how the NSE index has evolved from 1,000 to 11,500 levels:
First Published: IST