Mumbai, Dec. 24 -- The key equity benchmarks erased most of their gains and traded near flat line in early afternoon trade. The market showed slight resilience despite FII outflows and the Sensex's weekly derivatives expiry today. Sentiments also supported after the RBI also announced liquidity infusion of about Rs 2 lakh crore, which is expected to support the domestic currency and ease liquidity conditions.

Market participants will closely monitoring rupee movement, FII activity, IPO-related developments, and global cues. The Nifty traded above the 26,150 mark.

Realty shares rebounded after declining in the past trading session.

At 12:25 ST, the barometer index, the S&P BSE Sensex advanced 12.16 points or 0.04% to 85,558.87. The Nift...