Mumbai, May 19 -- The headline equity benchmarks traded with modest gains in the mid-afternoon trade, supported by upbeat global markets. Sentiment stayed positive as tensions in the West Asia showed signs of cooling. Meanwhile, the rupee depreciated following another increase in fuel prices by the government. Nifty traded above 23,700 level.

Shares of consumer durables companies rebounded after falling over the last two sessions.

At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 196.09 points or 0.26% to 75,532. The Nifty 50 index rose 76.50 points or 0.32% to 23,726.45.

The broader market outperformed the frontliner indices. The BSE 150 MidCap Index jumped 1.12% and the BSE 250 SmallCap Index added 1.32%.

The market bre...