Mumbai, Aug. 25 -- The domestic equity benchmarks traded with modest gains in the mid-morning trade, driven by strong performance in IT stocks. The upbeat sentiment was echoed across Asian markets, which tracked overnight gains on Wall Street after U.S. Federal Reserve Chair Jerome Powell signaled a potential interest rate cut next month.

The Nifty traded above the 24,950 mark. Realty shares advanced after declining in the past trading session.

At 11:27 IST, the barometer index, the S&P BSE Sensex, rose 260.01 points or 0.32% to 81,575.74. The Nifty 50 index gained 81.55 points or 0.33% to 24,951.10.

In the broader market, the S&P BSE Mid-Cap index rose 0.42% and the S&P BSE Small-Cap index added 0.22%.

The market breadth was positive...