Mumbai, Sept. 16 -- The benchmark indices continued to trade with significant gains in mid-afternoon trade, tracking positive cues from Asian markets as the recent rally in crude oil prices paused. Investors remained cautious ahead of the US Federal Reserve's policy meeting later today. The Nifty surged above the 23,200 mark, indicating some recovery in market sentiment.

At 14:25 IST, the barometer index, the S&P BSE Sensex jumped 312.79 points or 0.43% to 74,323.02. The Nifty 50 index added 117.65 points or 0.51% to 23,236.25.

In the broader market, the BSE 150 MidCap Index rose 0.19% and the BSE 250 SmallCap Index shed 0.06%.

The market breadth was negative. On the BSE, 1,621 shares rose and 2,355 shares fell. A total of 264 shares ...