Mumbai, April 15 -- The key domestic indices traded with substantial gains in early afternoon trade, amid positive global cues. Sentiment improved on hopes of renewed peace talks between the United States and Iran after Donald Trump indicated that negotiations could resume in Pakistan over the next two days. The Nifty traded above the 24,000 level.

Consumer durables shares advanced after declining in the past trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 1,238.16 points or 1.61% to 78,088.89. The Nifty 50 index jumped 368.30 points or 1.54% to 24,210.95.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index jumped 2.20% and the BSE 250 SmallCap Index rose 2.39%.

The market br...