<h1>Major indices rise after 25-bp US Fed rate cut and easing guidance, tech leads while some financials lag</h1> Major domestic equity indices opened higher following a 25-basis-point rate cut by the US central bank and guidance of further reductions, prompting sector-led buying in information-technology stocks and gains for select banking, pharmaceutical and automotive shares while some financials and industrials lagged. Market commentary linked the policy move to improved investor sentiment, potential inflows of foreign capital, and currency support; however, foreign institutional investors continued net equity selling. The report highlights market sensitivity to external monetary policy, sector rotation risks, and the potential for volatility tied to earnings expectations and ongoing bilateral trade negotiations.