The Nifty at 10,000 — for the first time ever — has certainly given market participants a reason to celebrate. More than the benchmark index hitting the milestone, the fact that the Nifty has given compounded annual returns of almost 13% in the past five years highlights the stock market's journey in the period.
The returns have been much higher and even astronomical in the universe of smaller shares. Like any other market cycle, which starts with despondency, gathers pace with s ..
