Mumbai, Nov. 27 -- The key equity benchmarks traded with modest gains in morning trade. Investor sentiment remained upbeat on expectations of potential U.S. and domestic interest rate cuts next month, which fueled fresh buying interest across sectors. The Nifty traded above the 26,250 mark. IT shares extended gains for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, surged 314.70 points or 0.37% to 85,924.21. The Nifty 50 index rose 73.85 points or 0.28% to 26,279.15.

The Nifty 50 and the Sensex hit fresh all-time highs in morning trade at 26,306.95 and 86,026.18, respectively, while the Bank Nifty also scaled a new record high of 59,804.65.

The broader market outperformed the frontline in...