Mumbai, May 15 -- The key equity benchmarks traded with minor gains in mid-morning trade, buoyed by a record-breaking Wall Street session and cautious optimism surrounding the Trump-Xi summit in Beijing. However, a weak rupee, elevated crude oil prices, and domestic fuel price hikes kept gains in check. Nifty traded above the 23,700 level. IT shares advanced after declining in the past four trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 73.05 points or 0.10% to 75,470.01. The Nifty 50 index rose 34 points or 0.14% to 23,719.40.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.21% and the BSE 250 SmallCap Index slipped 0.08%.

The market breadth was positive. On t...