Mumbai, Nov. 24 -- The key equity benchmarks traded with modest gains in the morning trade. The Nifty traded above the 26,100 level. IT shares advanced after declining in the past two trading sessions as Fed rate-cut hopes lift sentiment.

At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 157.14 points or 0.18% to 85,389.06. The Nifty 50 index rose 57.80 points or 0.23% to 26,127.25.

In the broader market, the S&P BSE Mid-Cap index added 0.21% and the S&P BSE Small-Cap index fell 0.41%.

The market breadth was negative. On the BSE, 1,557 shares rose and 2,193 shares fell. A total of 192 shares were unchanged.

Buzzing Index:

The Nifty IT index rose 1.50% to 37,437.10. The index shed 0.43% in the past two trading sessions.

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