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Nifty caps roller-coaster year just shy of 14,000-mark

By Yash Upadhyaya & Sundar Sethuraman
January 01, 2021 11:12 IST
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It took Nifty 25 sessions to cross 14,000 from 13,000-levels.

The equity markets hit a new record on the last trading day of the year.

The Nifty crossed 14,000 for the first time, hitting an intra-day high of 14,024.85, while the Sensex made a new high of 47,896.97 before closing flat.

 

Both indices have posted their best annual gain since 2017 as investors continue to bet on a better-than-expected revival in the economy.

It took Nifty 25 sessions to cross 14,000 from 13,000-levels.

The transition from 11,000 to 12,000 was the longest and took 59 trading sessions.

Photograph: Shailesh Andrade/Reuters

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Yash Upadhyaya & Sundar Sethuraman
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