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Market Mid-noon: PSU Bank stocks rise, UCO Bank gain 20-pc

Top bank-stocks

Equity benchmark indices turned flat from the morning trade with Sensex stood at  31568.72 down just 20 points while the Nifty pointed at 9254.60, down by 12 points at 1.00-pm sharp.

From the banking sector,   the Nifty PSU Bank index is among the top gainers, up by 3.73 percent at 1,364.20 levels. Uco Bank, Jammu & Kashmir Bank, Central bank and Indian Bank and Indian Oversea bank were among top contributors in the PSU space, between 10 to 20 percent.

IT stocks also outperform with the Nifty IT index scaled at 12,902.35 level up by 2 percent with major gains in Infosys, HCL Tech and Mind Tree. Get the updated Free Nifty tips, best stock tips  from the expert.

Top gainers in the Nifty at this point were Tata Motors, Infosys, HCL Technologies, HDFC bank and Zee Entertainment.  On the other hand JSW Steel, Infratel, Hindalco, ITC and Maruti Suzuki led the losses.