According to the Financial Times, the Indian stock market broke through the 10,000-point mark for the first time on Tuesday, rising 22% so far this year, making it one of the best performing stock markets in the world. Together with Hong Kong's Hang Seng Index, it leads the stock markets in the Asia-Pacific region.

India's benchmark stock index, the Nifty 50, rose 0.4 per cent to 10010.55 on the day. However, with the emergence of profit-taking, the index gave up some of its earlier gains. Bharti Infratel, a telecoms infrastructure company, rose 3.3 per cent, the biggest gain of the day, while IndiaBulls Housing Finance, a real estate lender, rose 2.9 per cent.

The index rose 2.3 per cent last week, the biggest weekly gain since the ruling Bharatiya Janata Party won parliamentary elections in Uttar Pradesh in mid-March.

The Nifty 50 Index, founded in 1996, is a benchmark index based on the 50 most important stocks on the National Stock Exchange of India (NSE), with a base value of 1000 points. Since its inception, the index has grown tenfold in only 20 years.

In other words, if you had invested 1000 rupees in the Nifty index in 1996, it would have been 10, 000 rupees today. Or more simply, your money doubles every six years.

Driven by a series of positive factors, the Nifty 50 index has become one of the best performing benchmark stock indexes in the world this year. These factors include the Bharatiya Janata Party's victory in the general election in Uttar Pradesh, the stability of the rupee, the normal monsoon, the introduction of the goods and Services tax (GST), government reforms and macroeconomic improvements. At the same time, the global stock market rally has also boosted sentiment in India's domestic market.

Heavyweight reliance Industries (Reliance Industries) is up nearly 50 per cent so far this year, making it one of the biggest gainers in the Nifty 50 index.