Explained: Why did Sensex, Nifty hit record high today

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Key Points

The S&P BSE Sensex hit an all-time high of 82129.49 in early trade while the NSE Nifty50 went past the 25,000 mark to hit25,078.30.. ...

Benchmark stock market indices hit record highs on Thursday, with Nifty crossing the 25,000 mark for the first time...

Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services highlighted that the Fed chief signalling a possible rate cut in September is positive for global equity markets...

While pockets of over-valuation remain, a supportive "beta" backdrop is giving opportunities to investors to systematically rotate out of heated themes/sectors (defence, railways, some of the smaller companies) into those with greater margins of safety (financials especially)," he added...

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