Nifty scorecard: Timeline of epic bull run from 1,000 to 20,000 in 28 years
Nifty, which scaled new peaks above the 20,000 zone for the first time this week, had humble beginnings at just 1,000. India's heartbeat index, consisting of 50 bluechips and liquid stocks traded on the National Stock Exchange (NSE), started its odyssey in November 1995 with a base value of 1,000.
The 20x journey, which mirrors periods of economic growth and downturns, took 27 years, 10 months and 8 days.
Nifty touched the 10,000 mark on 26th July 2017 and took more than 21 years to achieve the feat.
From 10,000 it took another 6 years, 1 month and 16 days to reach 20,000.
RIL top contributor
Nifty heavyweight Reliance Industries (RIL) has been the top contributor with 1,545 index points in Nifty’s journey from 10,000 to 20,000, followed by ICICI Bank (1,063 points), Infosys (876 points), HDFC Bank (776 points) and TCS (564 points).
The financial services sector has been the top-performing sector for the index over the years and added 3,401 points to index journeys from 10,000 to 20,000. Information technology and oil, gas & consumables sectors are the next best-performing sectors for the index adding 1882 and 1545 points, respectively, to the index.
Market cap gain
The full market capitalization of the companies in Nifty50 has increased by 98x from Rs 1.44 lakh crore in November 1995 to Rs 141 lakh crore in June 2023 reporting a healthy growth rate of 18% CAGR.
Sectoral weightage
Reflecting the changing dynamics of the Indian economy, the composition of financial services in Nifty has increased from 20% at inception in 1995 to 38% in June 2023.
The weight of FMCG which was among one of the largest sectors of Nifty50 in 1995 has declined from 19% to 9.8% in June.
