Mumbai, June 12 -- The domestic equity indices traded with strong gains in early afternoon trade supported by easing geopolitical tensions in West Asia, which boosted investor sentiment and risk appetite. However, market participants will monitor inflation trajectory, movements in crude oil and gold prices and global cues for further direction. Nifty traded above 23,350 mark.

Consumer durables shares climbed after declining in the past two trading sessions.

At 12:25 IST, the barometer index, the S&P BSE Sensex jumped 800.62 points or 1.08% to 74,627.70. The Nifty 50 index rose 203.20 points or 0.88% to 23,364.80.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index climbed 1.15% and the BSE 250 SmallCap Index...