On the back of large retail participation and the fear-of-missing-out mindset, the Nifty index has made a swift movement of 1,000 points in just 28 trading days. The Nifty crossed 17,000 on August 31, 2021. The financial sector, with 37.7% weightage along with power 1.73% and telecom sector with 2.13%, played a major role in helping the Nifty move to a new level. Cyclical sectors were at the forefront in this 1,000 points upmove.