Mumbai, Oct. 30 -- The key equity benchmarks traded with significant gains in mid-afternoon trade. The Nifty held above the 23,050 mark, supported by buying interest in index heavyweight stocks. However, elevated crude oil prices and renewed geopolitical tensions in the Middle East continued to pose risks to the market. Brent crude remained above $115 per barrel amid concerns over supply disruptions, keeping investors cautious about inflation and the impact on India's import bill.

Media shares declined after advancing in the past three trading sessions.

At 14:25 IST, the S&P BSE Sensex jumped 393.95 points or 0.54% to 74,546.91. The Nifty 50 index rose 117.25 points or 0.51% to 23,054.

The broader market underperformed the frontline in...