Mumbai/IBNS, May 15 -- The Indian stock market reflected a broader positive sentiment with the BSE Sensex and NSE Nifty 50 trading higher on Friday afternoon, media reports said.

IT stocks led the gains, with Infosys and Tech Mahindra gaining nearly 2 percent each, followed by a rally in media and telecom stocks.

FMCG, auto, pharma and healthcare sectors also reflected positive momentum as the market traded in the green for the third consecutive session, defying a falling rupee and a surge in crude oil prices.

Market experts said sustained buying by foreign institutional investors and optimism over strong corporate earnings supported investor sentiment despite global uncertainty.

Investors, however, remained cautious amid ongoing geop...