Nifty Bank index at a close distance of 50,000 levels; here is its journey and likely road ahead
Roshni Agarwal | May 02, 2024, 05:12 PM IST
The Nifty Bank index comprising the most liquid and big banking stocks commanded a base value of 1000 as on January 1, 2000 referred to as its base year. Nevertheless, the index was launched on September 15, 2003.
So, as the Nifty Bank index lately on April 30, 2024 (Tuesday) marked a new high of 49,974.75 levels and is within a touching distance of hitting 50,000 levels, here we will take you through the index’s journey from 1,000 to nearly 50,000 odd levels.
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Nifty Bank hitting its first 10,000 points
On December 11, 2007, Bank Nifty hit a new milestone of 10,000 levels in close to 8 years. The level was hit even as the Indian markets witnessed a series of rout amid the global financial crisis.
