May 2014 brought a decisive political shift. With a stable government coming to power, the Nifty crossed and rallied toward 9,000 .
However, the recovery story is crucial. Unlike many Western economies that stagnated for years, the Nifty began a V-shaped recovery. But the composition of the index changed. The "India Building" story took a backseat, and the "India Services" story took the wheel. nifty index historical data
During this phase, the historical data reveals a fascinating trend: the rise of financialization. Private sector banks like HDFC Bank, Kotak Bank, and ICICI Bank began to dominate the Nifty. They replaced the public sector banks and old manufacturing giants. May 2014 brought a decisive political shift