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Nifty covers 1,000 point distance to Mount 18k in 41 days; here's a look at the journey

Nifty covers 1,000-point distance to Mount 18k in 41 days; here's a look at the journey

Nifty covers 1,000-point distance to Mount 18k in 41 days; here's a look at the journey
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By CNBCTV18.com Oct 11, 2021 1:49:39 PM IST (Published)

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SUMMARY

Nifty50 covered the distance of 1,000 points to 18,000 in 41 days, having touched the 17,000 mark for the first time on Aug 31. The latest milestone comes only weeks after the index clocked its fastest 1,000-point journey, to reach Mount 17,000. Here's a look at the index's journey so far.

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Latest 1,000-point journey: The Nifty50 touched the psychologically important 18,000 mark for the first time in intraday trade on October 11, having reached the altitude of 17,000 on August 31. It took the 50-scrip index 41 days to complete its latest 1,000-point journey.

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The Nifty50 hit an all-time high of 18,037.7 on October 11, 2021.

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The Nifty took 28 days to cover the 1,000-point distance to 17,000. It climbed up 16,000 for the first time on August 3, 2021.

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The Nifty has given a return of 51 percent between October 2020 and October 2021.

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The index took six months to reach 15,000 from 14,000, a level it had reached from the 13,000 mark in about one month.

Sensex, Nifty, Bank Nifty, Nifty IT, Nifty FMCG, Nifty Auto, Nifty Metal, HDFC, HDFC Bank, Reliance Industries, TCS, Hindustan Unilever, BSE India, NSE India, Markets Today, Market News
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Before that, it took a index a lot longer to cover the distance of 1,000 points to a fresh peak. It took Nifty50 18 months to reach 13,000 after 12,000, and 16 months to reach Mount 12k from the 11,000 mark. The index touched the 11,000 mark for the first time in January 2019, and 12,000 in May 2019.

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