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That is because Nifty is an index..it doesn't matter if it is at ATH unless each of the stocks which one has invested in it also are at their ATH (post one having invested in them).
Reality : Nifty is mostly affected by fluctuations in Reliance, HDFC twins and sometimes ITC, ICICI ,etc -so if one would have invested in these stocks at levels lower than their all time high only then their portfolio would have been green ; the portfolio would not have gone up in value if I would have invested in stocks like Reliance or ITC after their run up (while Nifty could have even gone higher due to other stocks).
P.S. Index movement impacting ones portfolio directly mostly happens when one is directly and heavily invested in the top mover/shakers stocks or in Index ETFs
Every stock will not move as per market they have there own season. So wait market is testing you.