Nifty at 14,000 (Image: BloombergQuint)
The Nifty 50 surpassed the 14,000-mark for the first time ever as equity benchmarks continue to scale new highs hoping that a prolonged monetary stimulus and a Covid-19 vaccine would lead to a quicker-than-expected turnaround from the pandemic-induced recession.
The 50-stock gauge has gained the last 1,000 points — from 13,000 to 14,000 — in 26 trading sessions, starting Nov. 24, surging 8.2%. Of these trades, the index has lost in only four of them as of closing on Dec. 30.
