Nifty @24K: How was the journey for Nifty to reach the level of 24000 from 1000, in which year did the stormy rally come

Nifty Historical Journey : At the start of Modi 3.0, the morale of the stock market is high. Nifty (Nifty 50) has made a new high in today’s trading i.e. 27 June 2024. Today, Nifty touched the level of 24000 for the first time (Nifty @23K). At the same time, today the Sensex also broke the level of 79000 for the first time. On May 24 this year, Nifty also crossed the level of 23000 and on January 15, it crossed the level of 22000. Currently, it has taken only 23 trading sessions for Nifty to reach the level of 23000 to 24000. Whereas it took 88 trading days to reach 22000 to 23000. By the way, this is not the first time that Nifty has crossed 3 milestones in a single year.

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Nifty : Journey from 1000 to 24000

3 November 1995 : 1000

December 14, 2004: 2000 (2891 trading sessions)

January 31, 2006 : 3000 (513 trading sessions)

December 4, 2006 : 4000 (209 trading sessions)

Sep 27, 2007 : 5000 (205 trading sessions)

December 11, 2007 : 6000 (23 trading sessions)

May 12, 2014 : 7000 (1608 trading sessions)

September 1, 2014 : 8000 (77 trading sessions)

March 14, 2017 : 9000 (122 trading sessions)

26 July 2017 : 10,000 (92 trading sessions)

January 23, 2018 : 11,000 (124 trading sessions)

June 3, 2019 : 12,000 (326 trading sessions)

November 24, 2020 : 13,000 (375 trading sessions)

January 1, 2021 : 14,000 (25 trading sessions)

February 8, 2021 : ₹ 15,000 (25 trading sessions)

August 3, 2021 : 16,000 (120 trading sessions)

31 August 2021 : 17,000 (19 trading sessions)

October 13, 2021 : 18,000 (28 trading sessions)

June 30, 2023 : 19,000 (425 trading sessions)

September 11, 2023 : ₹ 20,000 (51 trading sessions)

December 8, 2023 : 21,000 (61 trading sessions)

January 15, 2024 : ₹22,000 (25 trading sessions)

24 May 2024 : 23000 (88 trading sessions)

27 June 2024 : 24000 (23 trading sessions)

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which year was the best

Talking about the year 2021 (Best Year for Nifty), Nifty crossed many milestones one after the other. This year Nifty reached the level of 14000 for the first time on 1 January 2021. Then after 25 trading days, on 8 February 2021, it reached the level of 15000. After that on 3 August 2021, i.e. after 120 sessions, it reached the level of 16000, then after only 19 sessions, it reached the level of 17000 on 31 August 2021. On 13 October 2021, i.e. after 28 sessions, Nifty also crossed the level of 18000.

3 milestones in 2023 and 2024

Nifty crossed 3 milestones of 19000, 20000 and 21000 in 2023. It reached the level of 19000 for the first time on 30 June 2023. It took 425 sessions to gain 1000 points. Then on 11 September 2023, it reached the level of 20000 after 51 sessions and then on 8 December 2023, it reached the level of 21000 after 61 sessions.

In the year 2024 also, Nifty crossed the level of 23000 on 24th May this year and 22000 on 15th January.

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It took 2891 sessions to go from 1000 to 2000

It took a total of 2891 sessions for Nifty to reach the level of 2000 from 1000. It was at the level of 1000 on 3 November 1995. It reached the level of 2000 on 14 December 2004. It touched the level of 3000 after 513 sessions on 31 January 2006. It reached the level of 6000 to 7000 after 1608 sessions i.e. between 11 December 2007 and 12 May 2014.