Mumbai, Sep 5 (TIWN) The Indian stock market has not just been on a bull run off late, but it has been scaling new highs. The Nifty50, which has crossed the 17,000 level, has witnessed a rise of around 20 per cent since the middle of April when the second wave of Covid-19 wreaked havoc in several parts of the country and lockdowns and curfews were re-imposed.

The country's financial capital, Mumbai, which houses the bellwether stock exchanges, came under a curfew from April 14 due to the surging number of Covid cases. Delhi was also put under lockdown starting April 20.  However, the Nifty50 has risen 19.4 per cent since its closing level of 14,504.80 points on April 13, 2021. On Friday, the Nifty closed at 17,323.60 points, its highest-ever closing level.  In its last trading session, it also touched its all-time high of 17,340.10 points.  On August 31, it hit the 17,000 mark for the first time in its history. It was the fastest 1,000-point gain for Nifty50 as it covered the journey from 16,000 to 17,000 in just 28 days.