Indian markets bounced back in noon trade on Wednesday ahead of F&O expiry. At 1.02 p.m., the Sensex was trading up 18.91 points or 0.07% at 27,415.29 with 17 components gaining.  Meanwhile, the Nifty was trading lower by 34.80 points or 0.42% at 8,250.80 with 25 components falling. 

Major gainers in the 30-share index were Axis Bank  (3.19%), Wipro  (2.34%), G A I L (India)  (2.10%), I C I C I Bank  (2.08%), Sun Pharmaceutical Industries  (2.02%),  and Tata Steel  (1.60%).

 On the other hand, Sesa Sterlite  (3.73%), I T C  (1.90%), Tata Motors  (1.45%), Housing Development Finance Corporation  (1.27%), Hindalco Industries  (1.10%),  and Dr Reddy's Laboratories  (0.95%) were the major losers in the Sensex.

The Realty index was at 1,549.19, up by 14.19 points or by 0.92%. The Bankex index was at 21,056.46, up by 165.83 points or by 0.79%. The Consumer Durables index was at 10,378.83, up by 72.36 points or by 0.70%. On the other hand, the Metal index was at 9,975.69, down by 24.38 points or by 0.24%.