BENGALURU, Nov 24 Reuters India39;s main indexes closed at record highs on Thursday, powered by a rally in shares of IT companies and public sector banks, with sentiment bolstered by signals the U.S. Federal Reserve may slow the pace of interest rate hikes.

The benchmark SP BSE Sensex rose 1.24, biggest single day gain in two weeks, to close at 62,272.68, while the NSE Nifty 50 index advanced 1.19 to 18,484.1.

The NSE Nifty Bank index also settled at record high.

The Nifty IT was the top sectoral gainer, rising 2.63 tracking overnight gains in techheavy Nasdaq Composite following the Fed minutes. During the session the index rose to an over threemonth high.

Deven Choksey, Managing Director of KRChoksey Holdings said that the tone of the U.S. central bank will likely be more dovish and rate hikes more calibrated going forward, allowing the markets across the world to breathe more comfortably.

Minutes from the Fed39;s November ratesetting meeting showed on Wednesday, a substantial majority of policymakers agreed it would likely soon be appropriate to slow the pace of rate hikes.

We are set for record high closing levels, both in terms of market capitalisation as well as Sensex, Nifty levels by the end of 2022, G Chokkalingam, founder of Equinomics Research said, adding this could only change if slide in oil prices reverses.

The broader indices underperformed their larger peers with the Nifty Midcap100 and Nifty SmallCap100 adding 0.44 and 0.51, respectively.

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