Graphic: Nifty 50 Nears Unbeaten Eight-Year Bull Run As Fruitful 2023 Comes To An End

This graphic was made as part of Benzinga India’s exclusive Ring the Bell newsletter. Sign up here to have the top stock news and trading ideas delivered to your inbox.

As 2023 draws to a close, the Nifty 50 index is set to extend a historic record that no other market in the world has come close to.

What Happened: The Nifty 50 index is set to deliver gains in eight consecutive calendar years—a record that no other global index can boast. So far this year, the index has gained nearly 18%, with three sessions to go.

The Dow Jones Index and Nikkei 225 have had the next best number of consecutive yearly gains, posting gains in six straight years.

See Also: Dosa Costs ₹600 At Mumbai Airport: Netizens Lose Their Minds

In fact, the Nifty 50 has only delivered negative returns in five calendar years since the year 2000. Its worst performance came in 2008 amid the great financial crisis, where it posted a loss of 51.8%.

Cumulatively, the index has delivered total percentage returns of 169.2% since 2015, which was the last time the index closed in negative territory in a calendar year.

Read Next: This Micro Cap Railway Stock Gave Better Returns Than IRFC, RVNL, Titagarh This Year

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesLong IdeasMarketsTrading IdeasNifty 50