India, Jan. 29 -- Indian shares rose for a second consecutive session on Wednesday, with financials and IT stocks surging on the back of firm global cues and optimism surrounding upcoming Union Budget this weekend.
Also, there are expectations that the Reserve Bank of India (RBI) will commence the rate easing cycle with a 25-basis point rate cut in the February 7 policy meeting, following recent liquidity measures.
The benchmark S&P/BSE Sensex jumped 631.55 points, or 0.83 percent, to 76,532.96 while the broader NSE Nifty index closed up 205.85 points, or 0.90 percent, at 23,163.10.
The BSE mid-cap and small-cap indexes rallied 2.5 percent and 3.3 percent, respectively.
The market breadth was positive on the BSE, with 2,978 shares risin...