Many analysts say that 10,000 is just a mark and Nifty is poised for much higher levels in the long term. Many equity mutual funds gave even higher returns than what Nifty has delivered - only if investors had stayed there for the long term.
Long-term investors who bet on the India story have reaped handsome gains. But the journey of Nifty has been anything but smooth. Today after 21 years, the Nifty hit the magical 10,000 mark - or in other words, investors' money has grown 10 times in 21 years. The NSE benchmark Nifty 50 index began its journey in 1996 with a base value of 1,000. Nifty has doubled investor's wealth in every 6 years.Nifty took 21 years to move from 1,000 to 10,000.
