February 2000. The dot-com bust. Nifty fell from 1,750 to 800 in eight months. Arjun visualized the V-shaped recovery that followed. He saw May 2004, when the "NDA shock" crashed the market 17% in a week—only to double in the next three years. He traced the long, painful plateau of 2011-2013, when everyone said India was doomed. The data showed a quiet accumulation phase, like a coiled spring.
Then he saw it: a pattern no news anchor discussed. Every major crash—2000, 2008, 2020—was followed by a recovery that broke the previous all-time high within 18 to 36 months. The drawdowns were terrifying. But the long-term slope was relentless: roughly 14% compounded annually. nse nifty historical data
He printed one chart—the full 30-year log scale of Nifty from 1,000 to 25,000. On the wall of his home office, he wrote beneath it: "The market is a device for transferring money from the impatient to the patient. The data has always said so." That chart never lied. And Arjun finally understood: history doesn’t repeat, but it often rhymes. In the Nifty’s long march upward, each crash was not a disaster—but a chapter. February 2000