New Delhi, May 15 -- Market benchmarks, the Sensex and the Nifty 50, traded with modest gains on Friday, 15 May, amid mixed global cues.

The Sensex rose more than 450 points, while the Nifty 50 reclaimed 23,800 during the session.

"The market is responding hugely positively to good Q4 results with double-digit price rises in some cases, and punishing poor results with double-digit price crashes in some cases. This reflects the gap in market expectations and actual results," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

"Another important trend is the continuing weakness in IT stocks and sustaining strength in pharmaceuticals stocks. This reflects the market perception of the prospects of these sectors in the pre...