Mumbai, Dec. 1 -- The key equity benchmarks traded with moderate gains in early trade, tracking positive global cues. Investor focus now shifts to monthly auto sales, upcoming IPO activity, and the RBI's monetary policy meeting scheduled later this week. The Nifty traded above the 26,250 mark.

PSU banks, metal and auto shares advanced while FMCG, pharma and consumer durables stocks declined.

At 09:25 IST, the barometer index, the S&P BSE Sensex, jumped 265.97 points or 0.31% to 85,972.64. The Nifty 50 index rose 85 points or 0.32% to 26,287.50.

The Nifty 50 and the Sensex hit fresh all-time highs in early trade at 26,325.80 and 86,159.02, respectively, while the Bank Nifty also scaled a new record high of 60,114.05.

The broader market...