The market rally continued after the BJP won a strong mandate in 2014 elections. Indian markets regained momentum in September 2013, after Narendra Modi was chosen as prime ministerial candidate of the Bharatiya Janata Party (BJP). In 2007, Nifty rallied nearly 55 per cent and hit multiple landmarks like 5,000 and - 2014 Nifty crossed the 6,000 mark as well in 2007 for the first time. A rally in the global markets also supported this - 2007 Nifty crossed 5,000 mark for the first time in 2007 amid aggressive buying by foreign and domestic funds. Nifty delivered nearly 40 per cent return that year and crossed landmarks like 3,000 and 4,000 amid a global market rally and improvement in corporate earnings - 2007 Investors' money in Nifty doubled in nearly eight years as the index touched 2,000 mark for the first time in 2004, the year in which Nifty delivered a return of nearly 10 per touched the 3,000 level for the first time in January - 2006ΔΆ006 is considered as one of the best years in the history of Indian stock markets. The Nifty index was launched in 1996 with the base value of the index set at - 2004 We think correction is overdue in the market and it might come once we hit that level." Sanjiv Bhasin, executive vice president at IIFL, says: "Globally markets are on a overbought zone. However, some analysts don't rule out a correction in the short to medium term. We have seen 5,000, 6,000, 7,000, 8,000, 9,000 10,000 and we will see even higher from that," says Gaurang Shah of Geojit BNP Paribas. "Who said 10,000 is a limit? It is just the hype created around 5-digit magical round figure number. Many analysts say that 10,000 is just a mark and Nifty is poised for much higher levels in the long term. Many equity mutual funds gave even higher returns than what Nifty has delivered - only if investors had stayed there for the long term. Long-term investors who bet on the India story have reaped handsome gains. But the journey of Nifty has been anything but smooth. Today after 21 years, the Nifty hit the magical 10,000 mark - or in other words, investors' money has grown 10 times in 21 years. The NSE benchmark Nifty 50 index began its journey in 1996 with a base value of 1,000. Nifty has doubled investor's wealth in every 6 years.Nifty took 21 years to move from 1,000 to 10,000.Nifty hit 10,000 mark for the first time today.