Indian markets rose for the second consecutive session on January 29, with Nifty 50 up 213.50 points and BSE Sensex gaining 682 points. Strong buying in IT and banking stocks, alongside broader market value buying,

The domestic benchmark indices opened higher on Wednesday for second day in a row, as investors are now looking forward to positive cues in the upcoming Union Budget 2025-26.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,028 level, a premium of nearly 50 points from the Nifty futures’ previous close.

India's benchmark indices opened higher on January 29, driven by anticipation of the US Federal Reserve's rate decision later today and the upcoming Union Budget this weekend. IT and banking stocks led the gains on the Nifty 50.

Indian stock market benchmarks, Sensex and Nifty 50, rebounded over one per cent in intraday trade on January 28, following two days of losses, driven by strong buying in banking and financial stocks.

BSE Sensex was trading 368.91 points or 0.49 per cent higher at 75,735.08. Nifty was trading at 22,923.60, down 94.45 points or 0.41 per cent. The gains were led by banking names.