Stock Market Today: Nifty 50, Sensex hit fresh record highs; midcaps falter
BSE Smallcap index also hit its fresh record high of 42,544.95 during the session, before settling at 42,327.60, up 0.10 per cent. However, the midcap index failed to perform.
The BSE Midcap index ended with a loss of 0.31 per cent at 36,186.10. Lately, the market has been surging to unprecedented heights, buoyed by robust macroeconomic indicators, substantial investments from both domestic and international players, a consistent downturn in US bond yields, and the anticipation of political continuity post-General Elections.
Moreover, there's an optimistic outlook for potential interest rate cuts in the upcoming year, further bolstering market confidence. (More to come)Milestone Alert!
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