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Nifty turns 29: From 1,000 in 1996 to over 26K, a look at its journey so far
The Political and Business Daily
|April 23, 2025
OVER nearly three decades, the Nifty index has evolved into a key barometer of the Indian equity market, growing from a base value of 1,000 to over 26,000.
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On Tuesday, the Nifty marked its 29th anniversary, continuing to serve as a reflection of India’s economic growth, investor confidence, and market sentiment.
Launched by the National Stock Exchange (NSE) on April 22, 1996, the Nifty was introduced just two years after the exchange began operations.
The index was created with a base date of November 3, 1995, and a base value of 1,000. Today, it tracks the performance of 50 of the most traded and largest companies in India across 15 sectors and represents about 55.48 per cent of the NSE’s total free-float market capitalisation as of March 28, 2025.
This story is from the April 23, 2025 edition of The Political and Business Daily.
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