Indian equity benchmarks rose as IT stocks surged on Infosys buyback news, aided by U.S. rate cut hopes.

• Infosys jumped over 4%, driving the IT index 2.3% higher, with the sector contributing 85% of Nifty’s total gains.
• Market sentiment strengthened on U.S. rate cut expectations, GST reductions, and rupee depreciation, boosting attractiveness for Indian equities.
• RailTel gained 5.7% on new orders, while auto stocks slipped slightly after Monday’s strong rally on demand revival prospects.