Nifty creates history; hits 59th new high in 2024, most in a single year

Quick Summary:

The NSE Nifty had hit 58 record highs in calendar year 2021.

Additionally, the index has rallied on an average 27% from its calendar year lows in the last 5 years; and is up 21% thus far this year.

If the Nifty continues with the trend and goes on to gain up to 27 per cent from its yearly low, the index could well have to rally another 1,250 points from the present level of 25,600.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Market historic trend Nifty new highs Nifty record highs Stock market rally Share market today 2024 bull run Market trends Stock market today NSE Nifty Bull market Nifty 50 index Nifty bull run

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 12:06:37 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22588011

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