The key equity barometers traded with modest gains in morning trades. Nifty moved in a range of 23110-22905. Nifty IT, Nifty Pharma and Nifty Healthcare Index shares gained, while Nifty Consumer Durables and Nifty Chemicals shares fell.

NIFTY had gained 1.05% in last session and inched up 0.97% over last one-week.

At 12:15 IST, the barometer index, the S&P BSE Sensex, posted modest gains of 502.59 points or 0.68% to 74,653.63. The Nifty 50 index added 159.20 points or 0.69% to 23,095.95.

The broader market failed to keep pace with frontline indices. The BSE 150 MidCap Index posted modest losses of 0.47% and the BSE 250 SmallCap Index shed 1.33%.

The market breadth was negative. On the BSE, 1724 shares advanced and 3056 shares retreated. A total of 248 shares were unchanged.

Nifty IT index gained 2.42% to 32638. The index has jumped 15.17% in last one month and slipped 11.70% over last one year. Coforge, edging up 4.77%, led the gainers followed by LTM, inching higher 3.82% and Wipro, gaining 3%, respectively. Out of 10 index constituents, 9 are reporting gains today.

Nifty Pharma index advanced 1.88% to 27213. The index has inched lower by 0.83% in last one month and registered sharp gains of 19.08% over last one year. Laurus Labs, moving higher 5.17%, led the gainers followed by Zydus Lifesci., up 4.87% and Sai Life, adding 3.30%, respectively. Out of 20 index constituents, 17 are reporting gains today.

Nifty Consumer Durables index retreated 1.18%. The index has declined 5.33% in last one month and posted modest losses of 9.74% over last one year. Amber Enterp., down 4.11%, led the losers followed by Dixon Technolog., losing 3.45% and Crompton Gr. Con, easing 3.02%, respectively. Out of 14 index constituents, 11 are reporting loss today.

Asian markets slumped on Friday. China’s Shanghai composite is lower by 1.07%, Hong Kong’s Hang Seng is sharply higher by 1.40%. Japan’s Nikkei 225 is sharply lower by 2.12%.

In Europe, German DAX eased 0.33%, UK’s FTSE 100 inched higher 0.26% and French CAC rose 1.05%.

In Commodities, MCX Crude oil moved higher by 0.93% to trade at Rs 9,700 per barrel.