Mumbai, Nov. 28 -- The key equity benchmarks traded with minor gains in morning trade, supported by optimism over potential rate cuts in the U.S. and India, while investors awaited quarterly GDP data expected to reflect resilient domestic demand. The Nifty traded above the 26,200 level. Auto shares advanced after declining in the past trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, surged 77.53 points or 0.09% to 85,797.91. The Nifty 50 index rose 19 points or 0.07% to 26,234.55.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.12% and the S&P BSE Small-Cap index shed 0.10%.

The market breadth was positive. On the BSE, 1,834 shares rose and 1,724 shares fell. A total of 2...