Sunday , November 24 2024

The journey from 20000 to 25000 was completed in 10 months

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Mumbai: While on one hand foreign portfolio investors (FPIs) are continuously selling shares in the Indian stock markets, on the other hand, due to continuous buying by local funds, the Nifty 50 index today crossed the 25,000 level for the first time due to continuous investment flow in SPI-Systemic Investment Plan in mutual funds by retail investors. Nifty's silver jubilee journey has been fast. It has taken only 10 months for Nifty to cross the level of 25,000 from 20,000.

Nifty 50 spot reached 25,000 from the level of 24,000, i.e. a jump of 1,000 points in 24 trading session-days. Nifty spot crossed the 20,000 mark for the first time on September 11, 2023. At that time Nifty had reached the level of 20,008 in intra-day. Now in just 10 months, a jump of 5,000 points has been registered and today it has reached a new high of 25,000.

On 27 May 2024, Nifty crossed the level of 23,000. In 23 trading sessions, a jump of 1000 points was recorded from this level and it crossed the level of 24,000. It is worth noting that after the results of the Lok Sabha elections, Nifty has seen a rise of 4000 points from the low level of 4 June 2024.

Bajaj Auto has had the biggest share in Nifty's 5000 points rise in 10 months. During this period, Bajaj Auto's stock has gained 101 percent, i.e., it has more than doubled. Whereas Bharat Petroleum Corporation Ltd. (BPCL)'s stock has gained 93 percent in this 10-month period, i.e., Nifty's journey from 20,000 to 25,000.

Apart from this, the shares of Coal India, Mahindra & Mahindra, ONGC, Tata Motors and Hero MotoCorp have increased by 80 to 90 percent. While Adani Ports, Power Grid Corporation and NTPC have increased by 70 to 78 percent.

Bharti Airtel's share price has increased by 67 percent and Sun Pharma, Grasim Industries, State Bank of India's shares have increased by 50 percent. During this period, 28 stocks of the Nifty 50 index have gained 25 percent. Only four Nifty 50 stocks have registered negative growth during this period. Bajaj Finance has declined by 8 percent, Asian Paints by five percent, IndusInd Bank and HDFC Bank by one percent.