Mumbai, Feb. 2 -- The key equity benchmarks traded with small gains in the morning trade, supported by value buying in blue-chip stocks, after suffering a sharp drubbing on Budget day.

The Nifty traded above the 24,800 level, while Oil & Gas shares advanced after declining in the previous trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, rose 147.90 points or 0.17% to 80,865.23. The Nifty 50 index added 1.90 points or 0.01% to 24,823.65.

The broader market underperformed the frontline indices. The S&P BSE 150 MidCap Index fell 0.41% and the S&P BSE 250 SmallCap Index declined 0.79%.

The market breadth was weak. On the BSE, 1,390 shares rose and 2,206 shares fell. A total of 191 shares were unchanged.

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