Mumbai, May 25 -- The domestic equity indices traded with decent gains in the mid- afternoon trade. The Nifty traded above the 23,950 mark. PSU bank share advanced after advancing for previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, surged 888.15 points or 1.18% to 76,306.91. The Nifty 50 index added 254.30 points or 1.07% to 23,973.60.

In the broader market, the BSE 150 MidCap Index jumped 0.71 and the BSE 250 SmallCap Index gained 1.17%.

The market breadth was strong. On the BSE, 2,755 shares rose and 1,478 shares fell. A total of 202 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slumped 6.04% to 16.83.

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