Mumbai, Sept. 1 -- The domestic equity indices extended gains and edged higher in afternoon trade, as strong domestic macroeconomic data lifted investor spirits. The Nifty traded near the 24,600 level.

At 13:26 IST, the barometer index, the S&P BSE Sensex was up 469.23 points or 0.59% to 80,278.88. The Nifty 50 index added 164.40 points or 0.67% to 24,591.25.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 1.21% and the S&P BSE Small-Cap index rose 0.88%.

The market breadth was strong. On the BSE, 2,700 shares rose and 1,378 shares fell. A total of 196 shares were unchanged.

Economy:

The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 59.3 in August compar...