<h1>Interest rate cut lifts markets, prompting domestic equities to advance and sector rotation to support gains.</h1> The US Federal Reserve's 25-basis-point rate cut and signals of further easing drove improved global risk appetite and a third straight session of gains in Indian equities, with IT, pharma and financials leading, midcaps modestly up, smallcaps flat, and foreign institutional investors continuing net sales; tariff negotiations were expected to be resolved in the near term, influencing trade-sensitive sector outlooks.