Mumbai, Dec. 1 -- The key equity benchmarks traded with moderate gains in the morning trade. The Nifty hovered above the 26,250 mark. Investor will monitor the monthly auto sales, IPO pipeline, and the RBI's monetary policy committee (MPC) meeting, scheduled later this week.

PSU Bank stocks jumped for second consecutive trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex, jumped 247.09 points or 0.29% to 85,953.76. The Nifty 50 index climbed 67.65 points or 0.25% to 26,272.95.

The Nifty 50 and the Sensex hit fresh all-time highs in early trade at 26,325.80 and 86,026.18, respectively, while the Bank Nifty also scaled a new record high of 59,804.65.

In the broader market, the S&P BSE Mid-Cap index rose 0.23% and the ...