Mumbai, Jan. 31 -- The key equity benchmarks traded with moderate gains in the morning trade. The Nifty traded near the 23,400 level. Investors are awaiting the Union Budget 2025 announcement, scheduled for Saturday, February 1, 2025. Consumer durables shares advanced after declining in the past trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 380.18 points or 0.50% to 77,139.99. The Nifty 50 index added 141.90 points or 0.61% to 23,391.40.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 0.91% and the S&P BSE Small-Cap index added 0.98%.

The market breadth was strong. On the BSE, 2,355 shares rose and 1,116 shares fell. A total of 159 shares were unchanged.

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