Mumbai, May 27 -- The domestic equity benchmarks pared all early losses and traded with minor gains in morning trade on Wednesday as investors assessed the impact of US strikes on Iran, which weighed on hopes of a peace deal and kept sentiment cautious. The Sensex and Nifty swung between gains and losses during the session. However, broader markets continued to outperform benchmark indices, indicating selective buying in midcap and smallcap stocks.

The Nifty traded above the 23,950 mark. Metal shares extended gains for sixth consecutive trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, added 121.96 points or 0.16% to 75,903.35. The Nifty 50 index rose 39.16 points or 0.16% to 23,952.76.

The broader market outperfor...