Nifty 50 Soars to Historic 25,000 Mark, Third-Fastest 1,000-Point Rally

The Nifty 50 index reached a historic milestone on Thursday, hitting the 25,000 mark after three days of unsuccessful attempts. This achievement marks the third-fastest 1,000-point rally in the index’s history, surpassed by the rapid surge from 16,000 to 17,000 in August 2021, which took just 19 trading sessions and 23,000 to 24,000 this year, which took just 23 trading sessions. 

A Rollercoaster Journey

The journey to this landmark wasn’t smooth. On Monday, the Nifty set a record high of 24,999.8 before a sharp sell-off in index heavyweights dragged it down. A similar pattern emerged on Tuesday when the index reversed from an intraday high of 24,971 to close flat. Wednesday saw the Nifty touch 24,984 before settling at 24,950.

Previous Fast Rallies

Earlier this year, the Nifty experienced its second-fastest 1,000-point rally, climbing from 23,000 to 24,000 in 23 trading sessions. It first crossed the 24,000 threshold on June 27. This latest 1,000-point ascent from 24,000 to 25,000 took 24 trading sessions, showcasing the index’s persistent upward momentum.

Key Contributors

Since hitting a low of 21,281 on June 4, the Nifty has soared nearly 4,000 points. Key contributors to this impressive rally include major players like Infosys, HCLTech, and ITC. Additionally, ONGC and life insurance giants HDFC Life and SBI Life have stood out as top performers during this period.

Here’s a look at some of the fastest 1,000-point rallies in Nifty’s history:

The Nifty’s recent performance underscores the robust confidence in the market, driven by strong corporate earnings, liquidity inflow and positive economic indicators. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.