(Updates at 9:21 a.m. IST)

BENGALURU, July 2 (Reuters) - Indian shares hit record

highs on Tuesday, led by information technology stocks, which

continued to rise on renewed hopes of an interest rate cut by

the U.S. Federal Reserve in September.

The NSE Nifty 50 was up 0.21% at 24,186.5 points,

while the S&P BSE Sensex added 0.22% to 79,653.21

points, as of 9:21 a.m. IST.

IT stocks, which rose 2% in the previous

session, added 0.7% on the day.

All the 13 major sectors logged gains. The broader, more

domestically focussed small- and mid-caps

rose 0.4% and 0.2%, respectively.

(Reporting by Hritam Mukherjee and Bharath Rajeswaran in

Bengaluru; Editing by Janane Venkatraman and Sonia Cheema

)