Nifty reaches 1000 today at the open for a brief period and then declines. From 1000 to 10000 in 23 years. Though the markets are expected to correct going forward, reaching a new high which is a psychological level, means not only celebration, it brings more confidence that the markets are not tired and will have more rally in the future.
Mark Mobius said a couple of months back that, in June this year Nifty will reach 10K, it took a little extra time to make 10K a reality. More upside is awaited, though it is not going to be a smooth journey.
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