Nifty hits 10,000.
India’s premier stock market index NSE Nifty rose to a record high, hitting the 10,000 mark for the first time in history. The Nifty 50 index is National Stock Exchange of India’s benchmark stock market index for Indian equity market, launched on 21st April 1996.
NIFTY 50 Index has shaped up as a largest single financial product in India, with an ecosystem comprising: exchange traded funds (onshore and offshore), exchange-traded futures and options (at NSE in India and at SGX and CME abroad), other index funds and OTC derivatives (mostly offshore). NIFTY 50 is the world’s most actively traded contract. WFE, IOMA and FIA surveys endorse NSE’s leadership position.
The NIFTY 50 covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. The base period for the CNX Nifty index is November 3, 1995, which marked the completion of one year of operations of National Stock Exchange Equity Market Segment. The base value of the index has been set at 1000, and a base capital of Rs 2.06 trillion.
Making money in equities is not easy. It not only requires oodles of patience and discipline, but also a great deal of research and a sound understanding of the market. If you are not sure how to go about it, the best way to make money in stock markets is investing via mutual funds.
India has a long way to go in terms of growth and prosperity. Participate in the growth via equity related instruments. Be a wise investor!