Stock Market Today, Jan. 29 -- Indian markets closed higher for the second consecutive trading session on Wednesday, January 29, driven by strong buying in IT and banking stocks. Additionally, value buying in the broader market contributed to the positive momentum. The drop in crude oil prices also helped the bulls maintain control of the market during the session.

The Nifty 50 ended 213.50 points higher, or with a 0.93% gain, at 23,170, while the BSE Sensex finished the session at 76,583, up 0.90% (or 682 points) from Tuesday's close. The broader market rebounded sharply, with the Nifty Midcap 100 index gaining 2.32% to 52,724, and the Nifty Smallcap 100 index ending the session even higher, with a gain of 3.32% at the 16,540 level.

Th...