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![Another milestone: Nifty 50 crosses 23,000-mark for the first time 1 bs logo](https://thespuzz.s3.ap-south-1.amazonaws.com/thespuzz/uploads/2022/08/05041910/bs-logo.jpg)
![Another milestone: Nifty 50 crosses 23,000-mark for the first time 1 bs logo](https://thespuzz.s3.ap-south-1.amazonaws.com/thespuzz/uploads/2022/08/05041910/bs-logo.jpg)
The benchmark Nifty 50 index surpassed the 23,000-mark for the first time on Friday. After hitting a high of 23,026, the index settled at 22,957, down 11 points, or 0.05 per cent, over its previous day’s close. The latest 1,000-point (4 per cent) up move for the Nifty has taken over four months (88 trading sessions). Previously, the index took more than this for a 1,000-point up move was 425 trading days (20 months) when it moved from 18,000 to 19,000 in June 2023. So far in 2024, the Nifty 50 index has gained 6 per cent. The recent gains are attributed to optimism around the re-election of the incumbent government led by Prime Minister Narendra Modi and strong flows from domestic investors.
First Published: May 24 2024 | 11:56 PM IST
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