<h1>Market rally driven by IT rebound and major company buyback plan as investors price in anticipated US Fed rate cut</h1> Benchmark equity indices advanced, with the 30-share index up about 314 points and the 50-share index closing above 24,800, driven by a rebound in IT stocks and investor hopes for a forthcoming US Federal Reserve rate cut. A major IT company's announcement that its board will consider a share buyback lifted sector sentiment and aided gains across several technology and financial firms, while select industrial and utility stocks lagged. Foreign institutional investors were net sellers of equities, while domestic institutional investors were net buyers; Brent crude also rose modestly, and Asian and European markets showed mixed moves.