Mumbai, May 14 -- The key equity benchmarks traded with modest gains in mid-morning trade despite mixed cues from Asian markets. However, persistent foreign portfolio investor (FPI) outflows and ongoing geopolitical uncertainties continued to keep investor sentiment cautious. Meanwhile, markets closely monitored the outcome of the Trump-Xi summit, particularly developments related to tariffs, technology transfer, trade balance, and export controls between the United States and China. Nifty traded above the 23,550 mark. Metal shares extended gains for the second consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 448.13 points or 0.60% to 75,057.11. The Nifty 50 index rose 156.20 points or 0.67% to...