Mumbai, Sept. 10 -- The key equity barometers traded with modest gains in the early afternoon trade despite elevated crude oil prices weigh on the macroeconomic outlook. The Nifty traded above the 23,450 mark.

Media shares advanced after declining in the past trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 93.70 points or 0.13% to 74,866.50. The Nifty 50 index rose 30.85 points or 0.13% to 23,461.25.

In the broader market, the BSE 150 MidCap Index shed 0.20% and the BSE 250 SmallCap Index added 0.18%.

The market breadth was negative. On the BSE, 1,962 shares rose and 2,172 shares fell. A total of 269 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volati...