Mumbai, May 15 -- The key equity benchmarks traded with modest gains in morning trade, buoyed by a record-breaking Wall Street session and constructive signals from 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 23,800 level. Media shares extended gains for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 413.99 points or 0.55% to 75,811.03. The Nifty 50 index rose 137.80 points or 0.58% to 23,827.55.

In the broader market, the BSE 150 MidCap Index jumped 0.25% and the BSE 250 SmallCap Index added 0.16%.

The market breadth was negative. On the BSE, 1,944 shares rose and 1,59...