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.

Markets rally as Sensex jumps 631 points, Nifty gains 205 points; explore top gainers like Zomato and Tata Motors.

Indian stock market is expected to see a positive opening on Tuesday, January 28, as indicated by Gift Nifty. However, the market may witness volatility amid weak global cues as the focus shifts to the US Fed policy outcome on Wednesday.

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.

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.

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.

On Monday, Nvidia suffered a loss of $589 billion, the largest in histore, driven by the rise of China's AI app DeepSeek on Apple's app store.