Mumbai, June 4 -- The headline equity benchmarks traded with moderate gains in volatile mid-afternoon trade after slipping into negative territory earlier in the session due to weekly BSE F&O expiry-related pressure. Investor sentiment remained cautious amid escalating geopolitical tensions in the Middle East and continued foreign institutional investor (FII) selling.

Market participants also remained on the sidelines ahead of the Reserve Bank of India's (RBI) monetary policy announcement scheduled for 5 June 2026. Investors are closely monitoring the central bank's policy stance and commentary on economic growth and inflation.

The Nifty traded below 23,400 level. Pharma shares extended gains for the second consecutive trading session....