Nifty touches 19,000 mark for first time ever, covers 1,000-point distance in 21 months: 10 things to know
The Nifty headline index on Wednesday touched the 19,000 mark for the first time ever, having covered the distance from the 18,000 mark in a period of 21 months.
The Nifty touched the 19,000 mark for the first time ever on Wednesday, June 28, hours after crossing its peak of December 2022 to an all-time high. The Sensex followed suit, scaling an unprecedented 64,000 level amid broad-based buying on Dalal Street. It took the 50-blue-chip index a period of almost 21 months to reach the milestone from the first time it touched the 18,000 mark.
EDITOR’S TAKE: How market wizard Anil Singhvi views the Nifty's journey to 19,000
Zee Business Managing Editor Anil Singhvi highlighted that the rally is unique given that it is strictly based on "the India story". Read more on what Anil Singhvi makes of the milestone
Here are 10 things to know about the twin milestones on Dalal Street:
1. It took the Nifty precisely 425 trading sessions, or 625 calendar days, to cover the distance of 1,000 points from 18,000.
2. The Nifty had crossed the 18,000 level for the first time on October 11, 2021.
3. The Sensex covered its own journey to reach the psychologically-important 64,000 level since the first time it touched the 63,000 mark in a period of seven months.
4. The announcement of the first full lockdown to curb the spread of COVID had triggered a slump in the Nifty to 7,511 on March 24, 2020 — commonly referred to as the pandemic low.
5. From there, it took the Nifty three days to recover to reach the 9,000 level.
6. The Nifty returned to five digits in a period of 68 days (on June 3, 2020) since the COVID low.
7. From the 10,000 mark, the Nifty reach 11,000, 12,000, 13,000, 14,000 and 15,000 levels in 47 days, 84 days, 43 days, 37 days and 36 days respectively.
8. The longest time to took 179 days after touching the 15,000 level to reach the 16,000 mark on August 3, 2021 — its longest such journey in the post-pandemic era.
9. The index crossed the 17,000 level on August 31, 2021 in 28 days after reaching 16,000.
10. It covered the distance to 18,000 from 17,000 in 40 days.
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