<h1>Domestic indices climb on Fed rate-cut hopes as IT giant approves record buyback, automakers and lenders gain</h1> Domestic benchmark indices opened higher, tracking a global rally driven by expectations of an imminent US Federal Reserve rate cut, with the 30-share index and the 50-share index up notably in early trade. A major IT company's board approved the market's largest-ever share buyback, while several automakers, a leading private lender, and an engineering conglomerate were among gainers; FMCG and other large banks lagged. Asian and US markets largely rose. A chief investment strategist attributed strength to Fed rate-cut hopes and anticipated post-September demand for consumer durables. Foreign institutional investors were net sellers while domestic institutions were net buyers.