Mumbai, May 7 -- The headline equity benchmarks traded with marginal gains during Thursday morning trade, extending the previous session's rally amid easing crude oil prices and growing hopes of an early resolution to the US-Iran conflict. The Nifty traded above the 24,350 mark, while auto stocks witnessed sustained buying interest for the fourth consecutive session.

At 10:30 IST, the barometer index, the S&P BSE Sensex added 65.26 points or 0.07% to 78,023.78. The Nifty 50 index rose 26.40 points or 0.11% to 24,357.35.

The broader market outperformed the frontline indices. the BSE 150 MidCap Index advanced 0.51% and the BSE 250 SmallCap Index rallied 0.65%.

The market breadth was strong. On the BSE, 2,445 shares rose and 1,222 shares ...