Sensex erases entire gains to slip in red after hitting record high

The market breadth, indicating the overall health of the market, was strong

The benchmark S&P BSE Sensex hit a record high on Thursday as steps taken by the capital markets regulator to attract more investments and tackle massive bad loans of banks boosted sentiment.

The 30-share Sensex rallied as much as 239 to hit its all-time high of 31522.87, while the 50-share Nifty rose 65 points to 9698.85, 10 points away from its lifetime high of 9,709, hit on June 6.  

At 1:00 pm, the S&P BSE Sensex was trading at 31,482, up 199 points, while the broader Nifty50 was ruling at 9,684, up 51 points. 

In the broader market, the