Nifty’s two-decade journey from 1,000 to 10,000

National Stock Exchange's (NSE) broader benchmark index Nifty 50 on Tuesday made history by breaching the landmark 10,000 level. The journey from the Nifty's base value of 1,000 in 1996 when it was launched to 10,000 has taken 21 years. Here's a look back at all the landmarks over the last two decades of Nifty's existence.

Nifty at 1,000: The Nifty index was launched and base value set at 1,000 on April 21, 1996.

Nifty at 2,000: The Nifty touched 2,000 on December 2, 2004, doubling investors' wealth eight years after it was launched.

Nifty at 3,000: It took the Nifty a little over a year to go from 2,000 to 3,000 when it hit the psychological mark on January 30, 2006

Nifty at 4,000: By December 1, 2006 the Nifty had gained another 1,000 points, zooming to 4,000 in less than a year.

Nifty at 5,000: Another year, another 1,000 points. The Nifty hit 5,000 on September 27, 2007, that's 10 months from the earlier psychological landmark.

Nifty at 6,000: 2007 was to see another landmark being hit when the Nifty touched 6,000 on December 11, 2007.

Nifty at 7,000: The journey from 6,000 to 7,000 took 7 long years when the Nifty hit the 7k mark on May 12, 2014. The surge happened on the back of most polls suggesting that the BJP (Bharatiya Janata Party) would come into power at the Centre with a strong majority.

Nifty at 8,000: The markets continued to rally in 2014 buoyed by a thumping victory for the BJP in the elections and Prime Minister Narendra Modi taking over the reins. Modi was perceived by the Street as a prime minister who would push economic reforms aggressively. On September 1, 2014 the Nifty touched 8,000.

Nifty at 9,000: The Nifty hit the 9,000 mark earlier this year on March 14, 2017, with strong buying from foreign investors.

Nifty at 10,000: The government's continued efforts in pushing reforms -- GST rollout being the latest feather in the BJP government's cap, strong corporate earnings in the first quarter (April-June), hopes of an interest rate cut by RBI (Reserve Bank Of India), buoyant foreign exchange reserves, and a good monsoon are some of the reasons that helped the market hit 10,000 on Tuesday.