Benchmark index Nifty 50 crossed the 25,000 mark on August 1. The index gained 1,000 points in 24 sessions as it hit 24,000 on June 27.

What Happened: Nifty came close to breaking the mark on Monday when it reached a high of 24,999.75. The benchmark hit the 24,000 mark on June 27. Maruti Suzuki, Coal India, Hindalo, JSW Steel and Power Grid were the top 5 gainers in Nifty during the morning session. Maruti Suzuki surged nearly 3% after it reported strong Q1 results.

Index heavyweights like ONGC, HDFC Life, SBI Life, Tata Motors, Infosys and ITC were the heavy contributors to Nifty’s march to 25,000. ONGC has gained 24%, HDFC Life 19%, SBI Life 18%, Tata Motors 16%, Infosys 17% and ITC gained 15% in the last month.

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With the move, Nifty has recovered nearly 4000 points from the low of June 4 after the election results.

Nifty took 23 sessions to gain 1,000 points after it breached 23,000 on May 27.

Nifty first crossed the 20,000 mark in September 2023 and the index has gained 5,000 points in the last 10 months.

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