Mumbai, Nov. 7 -- The domestic equity indices erased all earlier losses and traded with minor gains in afternoon trade. Market participants remained focused on corporate earnings. The Nifty traded above the 25,500 level. Metal, PSU bank, and financial services shares advanced, while IT, FMCG, and pharma stocks declined.

In the barometer index, the S&P BSE Sensex rose 32.02 points or 0.04% to 83,343.03. The Nifty 50 index added 20.60 points or 0.08% to 25,528.40.

In the broader market, the S&P BSE Mid-Cap index rose 0.21%, while the S&P BSE Small-Cap index shed 0.11%.

The market breadth was negative. On the BSE, 1,850 shares rose and 2,155 shares fell. A total of 176 shares were unchanged.

Gainers & Losers:

Shriram Finance (up 3.56%)...