IndusInd Bank, IT stocks lead gains in Indian equities
** India's benchmark indexes Nifty 50 .NSEI and Sensex .BSESN rise about 0.6% each, led by financials and information technology stocks
** Nine of 13 major sectors rise; small- .NIFSMCP100 and mid-caps .NIFMDCP100 gain 0.25% and 0.5%, respectively
** "We remain constructive on domestic equities, boosted by likely rate cuts in the U.S., which are on the horizon," said Anil Rego, fund manager at Right Horizons
** Private lender IndusInd Bank INBK.NS gains 3% after its unit gets the Reserve Bank of India's approval to undertake asset management business
** INBK is among top five Nifty 50 gainers and also led gains in financials, private banks and bank indexes, which are up 1.2%-1.4%
** IT index .NIFTYIT rose as much as 1.24% to hit a record high of 41,746.55 levels, before trimming some gains
** Investors await Fed Chair Jerome Powell's speech and minutes of the most recent policy meeting, due later in the week, to gauge the U.S. rate cut trajectory
Reporting by Bharath Rajeswaran in Bengaluru
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