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.

The S&P BSE Sensex gained 226.85 points to close at 76,759.81, while the NSE Nifty50 added 86.40 points to end at 23,249.50.

In the broader market, both the BSE Midcap and Smallcap indices outperformed the benchmarks, rising 0.7 percent each.