Nifty reached a historic milestone today, hitting 20,000 points driven by a robust rally in heavyweight stocks.
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Long-awaited achievement
This achievement follows a period of high anticipation and market turbulence, during which the index came very close to the 20,000 mark in July.
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$18.9 billion inflows
Starting from April, the index has experienced a 17% surge, powered by inflows exceeding $18.9 billion.
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Strong indicators
Economic indicators, like GST collections, private capital spending, credit growth, and the Purchasing Managers' Index for August, have indicated that the Indian economy is doing well.
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Despite challenges
The economy has stayed strong despite challenges like high inflation, higher interest rates, rising crude oil prices, erratic monsoons, and a slowing global economy.