Mumbai, April 10 -- The headline equity benchmark traded with substantial gains in early trade. The Nifty traded above the 23,900 level. Barring the IT index, all sectoral indices on the NSE were trading in positive territory, led by strong gains in media, realty and auto stocks.

At 09:27 IST, the barometer index, the S&P BSE Sensex, jumped 527.22 points or 0.69% to 77,160.92. The Nifty 50 index shed 161.45 points or 0.68% to 23,936.55.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index surged 1.18% and the BSE 250 SmallCap Index soared 1.39%.

The market breadth was strong. On the BSE, 2,841 shares rose and 425 shares fell. A total of 136 shares were unchanged.

The NSE's India VIX, a gauge of the market's ...