<h1>Markets rally third day after 25bps rate cut; IT, pharma, financials lead while realty and energy lag</h1> Markets advanced for a third day after a major central bank cut its policy rate by 25 basis points and signalled further easing, lifting risk sentiment and prompting gains in benchmark indices and sectors such as IT, pharma and financials while realty and energy lagged. Midcaps rose modestly, smallcaps were flat, and foreign institutional investors continued net selling. A government economic official indicated tariff disputes with a major trading partner may be resolved in 8-10 weeks, a development that could affect trade regulation and investor confidence.