Nifty hits 16,000-mark! Here’s how the index has performed over the years

After a few hiccups caused by the Chinese tech crackdown, the market has resumed its upward march. The benchmark Nifty hit the 16,000-mark for the first time today with the index scaling the 1,000 points to 16,000 in about six months.

The index has come a long way since it was launched on April 22, 1996, with a base value of 1000. Since its inception, it has given an 11.30 percent price return as on July 30.

Here’s a look at the various milestones scaled by the index over the years.