India, July 27 -- The S&P/TSX Composite Index gained 45.51 points (or 0.13%) to trade at 35,414.61. Earlier in the session, it touched a fresh all-time intraday record high of 35,592.10. The current momentum on the S&P/TSX Composite Index represents a tactical sector rotation. Investors are moving away from traditional energy heavyweights and pivoting toward growth-oriented sectors like technology, financials, and mining.

Why is TSX Up Today?

The S&P/TSX Composite Index is up primarily due to easing geopolitical tensions and a subsequent sharp drop in oil prices, which relieved energy-driven inflation fears.

A pause in hostilities between the U.S. and Iran over the weekend sparked optimism for diplomatic peace talks. This sent crude oi...