India, Sept. 18 -- India's stock market rose today, supported by IT stocks, after the US Federal Reserve cut interest rates by a quarter percentage point while pencilling in two more rate cuts in 2025.

Fourteen of the 16 major sectors logged gains. The IT sector, which earns a significant share of its revenue from the United States, climbed as much as 1.3%. LTI Mindtree Ltd. and Infosys Ltd. were the top gainers on the Nifty IT index. The broader small-caps and mid-caps indexes added about 0.4% each.

On Wednesday, the US Fed lowered its interest rates for the first time this year and signalled further monetary policy easing, leaving investors in doubt about the pace of future moves. Still, lower US interest rates make emerging markets s...