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.

Sectorally, the Nifty Pharma index clocked the biggest hit in the session and plunged 2.46 per cent. On the other hand, the Nifty Financial Services index rallied ahead and stood 1.46 per cent higher.

The trends on Gift Nifty indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,915 level, a premium of nearly 68 points from the Nifty futures’ previous close.