The Nifty hit the historic 10,000 mark today, propelling Indian stock markets to yet another high this year. The Nifty has gained over 22 per cent this year, making it one of the world’s top performers in 2017. Nifty was created in 1996 with a base value of 1,000. In other words, if you had invested Rs. 1,000 in Nifty in 1996, it would have become Rs. 10,000 today. Or to put it simply, your money would have doubled in every six years. The Nifty hit 10,011 at day’s high while the Sensex rose around 100 points. However, profit-taking surfaced at higher levels and markets gave up early gains.
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