Nifty's journey from 930 to 9,300

At an annualised returns of 15.2%, equity is arguably the best-performing asset class in 14 years

The benchmark Nifty 50 on the National Stock Exchange closed at 9,304 on Friday. Exactly 14 years ago, on April 28, it was at 930. The index has jumped 10-fold in this period. At an annualised returns of 15.2 per cent, equity is arguably the best-performing asset class in 14 years. The year 2003 marked the start of a bull run, during which the Nifty soared seven times in only five years. The run ended in 2008, thanks to the global financial crisis.
 

An analysis of the performance of the index’s 50 constituents for the 14-year period