The headline equity indices traded with small gains in the morning trade. The Nifty traded above the 22,400 level. Pharma shares extended gains for the second consecutive trading session.

At 10:27 IST, the barometer index, the S&P BSE Sensex, was up 131.35 points or 0.18% to 73,937.50. The Nifty 50 index rose 38.60 points or 0.17% to 22,417.

In the broader market, the S&P BSE Mid-Cap index rose 0.15% and the S&P BSE Small-Cap index declined 0.57%.

The market breadth was negative. On the BSE, 1,461 shares rose and 2,181 shares fell. A total of 197 shares were unchanged.

Buzzing Index:

The Nifty Pharma index gained 1.14% to 19,121.90. The index advanced 1.59% in the two trading sessions.

Biocon (up 3.56%), Natco Pharma (up 2.99%), Aurobindo Pharma (up 2.64%),...

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