The Nifty50 index achieved a significant milestone by reaching the 20,000 mark on September 11. This broad-based index comprises 50 prominent, liquid blue-chip stocks listed on the National Stock Exchange of India. Since its inception in November 1995, Nifty50 has been instrumental in helping investors understand the Indian capital market.Collectively, the index represents about 52% of the total market capitalization and 63% of the free float market capitalization of NSE-listed stocks as of June 30, 2023. Remarkably, despite semi-annual reviews that may remove or add stocks, 12 companies have remained in the index since its inception in 1995. One notable change was HDFC, which was part of Nifty50 until its merger with HDFC Bank in July 2023 (Source: NSEIndia). Out of these 11 stocks, 7 have achieved returns exceeding 100% over the past five years, while the remaining have delivered at least a 50% price return during the same period. Explore the details.
Indian economy well placed to handle any kind of spillovers from global events: RBI Guv
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