Mumbai, May 13 -- The key equity benchmarks pared early losses to trade with modest gains in morning trade amid value buying after four sessions of steep losses, while persistent foreign fund outflows and cautious global sentiment capped gains. Nifty traded above the 23,450 mark. Metal shares advanced after witnessing declines in the previous three trading sessions.

At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 104.77 points or 0.14% to 74,664.01. The Nifty 50 index rose 84.55 points or 0.36% to 23,464.35.

In the broader market, the BSE 150 MidCap Index jumped 0.82% and the BSE 250 SmallCap Index added 0.91%.

The market breadth was strong. On the BSE, 2,315 shares rose and 1,366 shares fell. A total of 216 shares were...