<h1>Benchmark index jumps about 575 points as banking gains, global rallies and US rate cut hopes lift markets</h1> A leading benchmark index rose about 575 points and the primary national index closed above 25,300 after gains in banking and financial stocks, supported by rallies in Asian and European markets and expectations of a US rate cut. Broader market participation saw several large-cap firms advance while others lagged. Foreign institutional investors recorded net equity sales while domestic institutional investors were net buyers. Global oil benchmark prices slipped marginally. Market commentary attributed the uptick to dovish signals on US monetary policy and easing quantitative tightening.