Nifty hits 26,000 levels for first time; check its 54 day journey from 25,000 levels

As global indices continue to rally to record highs, Indian equities are also not left behind as risk-on sentiment gears up after the recent Fed rate cut. Frontline indices- Nifty and Sensex amid supportive macros as well as consistent retail buying interest has delivered 19.5 per cent and 17.7 per cent returns, respectively.

In September month so far, FIIs have net bought Indian equity worth Rs 26,740.94 crore, while the DIIs bought equity worth Rs 9,272 crores. The new 26,000 levels have been hit in 54 days as per Zee Business research data.

Nifty scaled the earlier 25,000 levels on August 1, 2024. While it touched 24,000 levels from 23,000 in 37 trading sessions inclusive of 16 weekends and one holiday.

Nifty's journey from 1,000 to 25,000 levels and beyond 

Nifty hit the record 25,000 milestone from 1,000 levels in 10,553 days that translates into 28 years, 10 months and 21 days.  The index's base date has been November 3, 1995. And since then Nifty has given 12.34 per cent CAGR return.

Top gainers in Nifty from August 1 to September 24, 2024

Nifty 50 Gainers
Stock                    Return
Bajaj Auto              +27%
Shriram Finance   +19.4%
Bajaj Finserv         +17.4%
Bharti Airtel           +16.3%
Hero MotoCorp     +15.2%
            
Nifty 50 Losers
Stock                    Return
Tata Motors           -15%
ONGC                      -13.5%
Adani Ports            -8.4%
Coal India                 -7.4%
SBI                             -7.1%
 
Sectoral Index Movement
Nifty FMCG               +6.7%
Nifty Pharma           +6.2%
Bank Nifty                +4.9%
Nifty IT                       +3.1%
Nifty Realty               +4.7%
Nifty Auto                  +1.2%
Nifty PSE                      -6.8%
Nifty Energy                 -3.5%
Nifty Metal                  -1.3%