Sensex, Nifty Off Day's Lows; PSU Banks Gain, Metal, Pharma Shares Fall

The S&P BSE Sensex and NSE Nifty 50 indexes came off intraday low levels in noon deals while metal, pharma, private bank and FMCG shares were facing selling pressure. However, buying in state-run banks and auto stocks helped benchmarks recover from lower levels. Earlier in the day, Sensex fell as much as 281 points and Nifty 50 index touched an intraday low of 11,243.