Mumbai, May 7 -- The frontline indices traded with minor gains in early afternoon 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 above the 24,350 level after hitting the day's low of 24,220 in early trade. Market sentiment remains volatile due to rising Indo-Pak tensions.

Auto shares extended gains for the third consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, rose 7.91 points or 0.01% to 80,648.98. The Nifty 50 index added 12.95 points or 0.05% to 24,388.55.

The broader market outperformed t...