Mumbai, Oct. 14 -- The key equity benchmarks traded sideways in early afternoon trade, as elevated oil prices and sustained foreign fund outflows weighed on investor sentiment, while market participants assessed corporate earnings. The Nifty 50 traded below the 22,750 mark. IT shares extending gains for the second consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 45.93 points or 0.06% to 73,079.71. The Nifty 50 index shed 2.20 points or 0.02% to 22,719.50.

In the broader market, the BSE 150 Midcap Index rose 0.16% and the BSE 250 Smallcap Index added 0.39%.

The market breadth was positive. On the BSE, 2,550 shares rose and 1,550 shares fell. A total of 244 shares were unchanged.

Economy:

India'...