Sensex rises 205.03 points and Nifty adds 50.80 by 12.34 pm as PSU banks and consumer durables lead

Indian equities were steady at midday, supported by optimism around a proposed USIran peace framework and a sharp drop in crude oil prices. The fall in crude eased concerns over inflation and India’s import bill. The session saw outperformance in PSU banks and consumer durables, while several other sectors traded lower.