Tue Jan 28 13:57:42 IST 2025: ## Indian Stock Market Rebounds After RBI Measures, Pre-Budget Rally Begins

**Mumbai, India** – India’s stock market experienced a significant rebound on Tuesday, January 28th, fueled by a pre-budget rally and measures taken by the Reserve Bank of India (RBI) to increase liquidity in the banking system. The Sensex surged 825.65 points (1.10%) to close at 76,191.82, while the Nifty gained 211.40 points (0.93%) to end at 23,040.55.

This recovery follows a significant decline on Monday, where the Sensex fell 824 points (1.08%) and the Nifty dropped 263 points (1.14%), resulting in a loss of approximately ₹9 lakh crore (approximately $109 billion USD) in investor wealth.

Tuesday’s gains were broad-based, with the banking sector leading the charge. The Nifty Bank index jumped 1.08%, driven by strong performances from Axis Bank (+1.74%), IndusInd Bank (+1.3-1.5%), Infosys (+1.3-1.5%), and Bajaj Finance (+1.3-1.5%). HDFC Bank and ICICI Bank also saw gains exceeding 1%. Adani Group stocks also opened in positive territory, with Adani Energy Solutions and ACC Cement among the top performers. PSU Bank, Nifty Financial Services, and Realty indices also saw increases of around 1%.

Investor attention remains focused on the two-day Federal Open Market Committee (FOMC) meeting starting today and the upcoming Union Budget 2025, scheduled for February 1st. Despite the overall positive market sentiment, global sell-off in Artificial Intelligence (AI) stocks, attributed to concerns surrounding China’s DeepSeek AI, was observed.

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