Markets Gain for Third Day on Fed Rate Cut Boost

Equity indices rose for the third straight session on Thursday, led by strong IT buying after the US Fed cut rates by 25 bps and signalled more reductions. Sensex gained 310 points to 83,003, Nifty rose 96 points to 25,426. Pharma, IT

, midcap, and smallcap indices advanced, while PSU banks and oil & gas lagged.