The benchmark indices traded in a narrow range with modest gains in afternoon trade. The moderation in daily new COVID-19 cases in India improved risk sentiments. The Nifty index continued to hover above 15,200 mark. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 169.65 points or 0.34% at 50,710.13. The Nifty 50 index gained 39.25 points or 0.26% at 15,214.55. Housing Development Finance Corporation (HDFC) (up 1.55%), HDFC Bank (up 1%) and Larsen & Toubro (L&T) (up 2.54%) supported the indices. The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.93%. The S&P BSE Small-Cap index gained 0.82%. Buyers outpaced sellers. On the BSE, 1,915 shares rose and 1,177 shares fell. A total of 176 shares were unchanged.