Sensex hits record high, Nifty at new 1-year high: Factors behind the rally

Global stock markets jumped on Thursday after minutes of the US Federal Reserve's November policy meeting hinted at a possible moderation in the pace of interest rate hikes

The 30-pack S&P BSE Sensex index claimed a fresh record high of 62,412.33 in the intra-day trade on Thursday, surpassing its previous high of 62,245, hit on October 19, 2021. With this, the frontline Sensex index has logged a new high in the last six straight calendar years.

The NSE Nifty50, on its part, is just 121 points away from claiming new lifetime peak. It's last registered record high was in October 2021, at 18,604. 

The benchmark indices were primarily lifted by information technology (IT), and financials stocks