PSU Bank is the standout performer, rising more than 3 per cent on the NSE because of the strong interest rates in PSU Banks.

The top low-price gainers on BSE that locked in at 20 per cent upper circuits were Subex Ltd, Refnol Resins & Chemicals, and Paramount Communications Limited. 

At 12.30 pm on Wednesday, the headline equity indices, i.e. Sensex and Nifty 50 were trading marginally higher as shares in the Asia Pacific markets were slightly up. This took place on the back of China releasing its trade data and Bank of Korea as well as Reserve Bank of New Zealand hiking their interest rates by 50 basis points each.