Mumbai, May 7 -- The key equity indices erased all losses and traded with minor gains in mid-morning trade as investors reacted to news of Operation Sindoor, a targeted strike by Indian forces on terror sites in response to the recent Pahalgam attack. The operation was described as focused and restrained, avoiding Pakistani military targets. The Nifty traded below the 24,350 mark. Market sentiment remains volatile due to rising Indo-Pak tensions.

FMCG shares extended losses for the second consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, rose 73.51 points or 0.09% to 80,714.58. The Nifty 50 index added 25.75 points or 0.11% to 24,405.35.

The broader market outperformed the frontline indices. the S&P BS...