Mumbai, May 14 -- The key equity benchmarks traded with modest gains in early trade. Nifty traded above the 23,550 mark. Pharma, metal and PSU bank shares advanced while IT and consumer durables stocks declined.

At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 455.23 points or 0.61% to 75,031.19. The Nifty 50 index added 162 points or 0.69% to 23,573.25.

In the broader market, the BSE 150 MidCap Index added 0.84% and the BSE 250 SmallCap Index rose 0.85%.

The market breadth was strong. On the BSE, 2,261 shares rose and 763 shares fell. A total of 152 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 4,703.15 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs...