Nifty, Sensex close at fresh lifetime highs after sharp late surge

US Fed minutes indicate slower pace of rate hikes, investors cheer

The benchmark indices rallied more than 1 per cent to hit fresh lifetime highs after the minutes of the US Federal Reserve’s November meeting showed that policymakers were considering smaller rate increases going ahead. As a result, most global markets rallied amid a retreat in the US dollar.

The Nifty surpassed the record high it hit on October 18, 2021. The Sensex, which surpassed last year’s highs on November 11, scaled a fresh high.

The Sensex rose 762 points, or 1.2 per cent, to close the session at 62,272, also hitting an intraday high. The Nifty rose 217 points, or