Sensex hits all-time high: Will the winners of this rally hold momentum?

ITC and Tata Motors have zoomed 33 per cent each since December 1, and have led the rally in the 30-pack index

Strong macros, pause in interest rates, and a rush of foreign inflows drove the S&P BSE Sensex to an all-time high level of 63,588 in Wednesday's intra-day trade, breaching the previous peak of 63,583, touched on December 1, 2022.  
 

At the same time, Nifty50 quoted 18,875 as day's high, 12 points shy of record high levels. However, other NSE indices like Nifty 500, Nifty Midcap, and Nifty Smallcap indices jumped up to 1.1 per cent to record fresh highs during the day.
 

Among sectors, the S&P Capital Goods index rallied over 18 per cent since December 1, 2022, and emerged