Mumbai, Jan. 29 -- The key equity indices continued to trade with modest gains in mid-morning trade, as investors await the upcoming Union Budget. The Nifty traded above the 23,050 mark. Consumer durables stocks advanced after declining in the past three consecutive trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 390.06 points or 0.50% to 76,253.28. The Nifty 50 index added 104.40 points or 0.45% to 23,061.65.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 1.84% and the S&P BSE Small-Cap index rallied 2.43%.

The market breadth was strong. On the BSE, 2,855 shares rose and 879 shares fell. A total of 146 shares were unchanged.

IPO Update:

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