Equity benchmark indices were trading in the positive territory amid positive gains in the global markets and an uptick in most sectors, especially banks and financial services.
The Nifty PSU Bank index gained over 1% at 2,410.50 levels in the afternoon trade. Bank of India soared 3%, followed by Canara Bank, Union Bank, PNB, Bank of Baroda, which were up in the range of 1-2% respectively.
On the flip side, the IT index is trading in the red zone. HCL Tech slipped 2%, Tech Mahindra, Infosys and Mindtree are down 1% each.
The rupee appreciated by 17 paise to 71.54 against the US dollar as China's easing move and rate cut hopes by the US Fed enthused investors.
UPL, Bajaj Finserv and Yes Bank were the top gainers, while HCL Technologies, Tech Mahindra and Infosys were the major laggards on the NSE.
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