The Nifty PSU Bank index was trading 1.21 per cent up at 3,284 around 12.15 pm (IST).
Benchmark Nifty50 index was 3 points down at 10,144, while the 30-share Sensex was 16 points up at 32,418 around the same time.
Canara Bank (down 0.09 per cent) was the only drag in the PSU bank index at that time.
Besides PSU bank index, pharma, FMCG and realty indices also moved up.
Equity benchmarks continued trading flat with auto stocks as biggest laggards.
However, Dr Reddy’s sustained the upward momentum, gaining up to 3 per cent. Oil & Natural Gas Corporation, State Bank of India, Reliance Industries and Larsen & Toubro were the other Nifty gainers.
On the NSE, 856 stocks were advancing, compared with 742 stocks declining and 358 stocks remaining unchanged.
On BSE, 1,235 stocks were advancing whereas 1,131 stocks were lagging and 144 stocks were appearing unchanged.