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.

ITC Ltd's hotel arm, ITC Hotels, is set to list on the bourses today. ITC decided to demerge its hotel business into a separate listed entity to unlock shareholder value

The 30-share BSE Sensex declined 824.29 points, or 1.08 per cent, to 75,366.17. The broader Nifty 50 tanked 263.05 points, or 1.14 per cent, to close at 22,829.15.

Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent

Shares of Coforge Ltd. and Persistent Systems Ltd. surged 11% and 12%, respectively on positive third-quarter earnings. Tech sentiments were also buoyed by Trump's push to make the US an AI superpower by having fewer guardrails.

The Nifty 50 ended 130.75 points higher, or a 0.57% gain, to settle at 23,155 points, while the BSE Sensex finished the trade at 76,404 points, 0.75% higher than Tuesday’s close.

Stock Market LIVE Updates | The extended trading week, caused by the Budget, began on a negative note, with the benchmark Nifty opening much lower and forming a gap down on the charts.

The Indian stock market closed Wednesday's trading session on a positive note with benchmark indices rallying ahead of the monthly expiry and the upcoming Union Budget session. The stock market had seen a positive movement on Tuesday also.