Indian market which started on a muted note on Thursday tracking mixed global cues recouped losses and hit fresh record highs. The S&P BSE rallied more than 1,300 points while the Nifty50 closed above 25,300 levels.The S&P BSE Sensex hit a record high of 83,116 while the Nifty50 touched a record high of 25433 on Thursday.