Number Theory: Nifty50 @ 20,000 – A remarkable journey

Nifty came into existence on 22 April 1996, trading with the value of 3 November 1995 as base. It comprises stocks of 50 companies representative of the market

On Monday, the NSE Nifty 50 reached 20,000 points for the first time since its inception in 1995. To be sure, the index saw a minor drop minutes after it hit the historic number, closing the day at 19,996.35 points.

The National Stock Exchange of India building in BKC, Mumbai. (Mint Photo)