Nifty took 21 months to reach 18,000 to 19,000

Ahmedabad: Indian stock market is going on the longest bull run so far but now this bull run has slowed down due to several reasons. Now the negative foreign factors in the market are more disruptive than the domestic ones and the market slows down.

Today, Nifty touched 19,000 level for the first time and made a new all-time high of 19,011.25, but the NSE index's recent 1,000-point rally has been slow. If we look at historical figures, this is the second slowest bullrun of 1000-point rally of Nifty.

Nifty took about 21 months to rally from 18,000 to 19,000 i.e. 1000 points. This period of 21 months is one of the longest in the history of NSE so far. There has been an increase of 1000 points in 425 trading sessions or 625 calendar days. On October 11, 2021, Nifty reached the level of 18,000. Earlier this was the slowest rise to touch the 10,000 level. In the year 2017, Nifty reached the level of 9000 to 10,000 which took 28 months.

The interesting thing is that the lockdown implemented in India due to the Corona epidemic caused a major earthquake in the stock market and on March 24, 2020, Nifty made a historic low of 7511. From this level, Nifty crossed the level of 9000 in just 3 days. 68 days after the bottom of Kovid i.e. on June 3, 2020, the Nifty index came back to five digits.

After that, Nifty reached the levels of 10 thousand, 11 thousand, 12 thousand, 13 thousand, 14 thousand, 15 thousand respectively in 47 days, 84 days, 43 days, 37 days and 36 days. It then took 179 days to reach the level of 15,000 to 16,000 and Nifty crossed 16,000 on August 3, 2021. However, later in 28 days on August 31, the index crossed 17,000 and in the following 40 days on October 11, 2021, it crossed the level of 18,000.

A look at Nifty movements

Nifty rally	duration	month
-	( monthly)
9000-10,000 _	28	July , 2017
10,000-11,000 _ _	6	January , 2018
11,000-12,000 _ _	16	May , 2019
12,000-13,000 _ _	18	November , 2020
13,000-14,000 _ _	1	December , 2020
14,000-15,000 _ _	2	February , 2021
15,000-16,000 _ _	6	August , 2021
16,000-17,000 _ _	1	August , 2021
17,000-18,000 _ _	2	October , 2021
18,000-19,000 _ _	21	June , 2023