Mumbai, April 28 -- The benchmark equity indices traded with moderate gains in the morning trade, even as investor sentiment remained cautious amid fading hopes of a swift resolution to the ongoing US-Iran conflict, which has reignited a surge in oil prices. The Nifty hovered above the 24,150 mark. Meanwhile, metal stocks extended their rally for a second consecutive session.

At 10:30 IST, the barometer index, the S&P BSE Sensex added 105.76 points or 0.14% to 77,409.39. The Nifty 50 index advanced 60.25 points or 0.26% to 24,152.95.

In the broader market, the BSE 150 MidCap Index rose 0.22% and the BSE 250 SmallCap Index rallied 0.40%.

The market breadth was strong. On the BSE, 2,172 shares rose and 1,535 shares fell. A total of 223 s...