Mumbai, July 29 -- The headline equity benchmarks extended their rally and touched fresh intraday highs in mid-afternoon trade on Wednesday, with the Nifty trading above the 24,250 mark. FMCG stocks rebounded after declining in the previous trading session.

Market sentiment remained buoyant, supported by upbeat corporate earnings, optimism over the earnings outlook, positive global cues, continued foreign fund inflows, and investor focus on the U.S. Federal Reserve's policy decision.

At 14:30 IST, the barometer index, the S&P BSE Sensex climbed 976.06 points or 1.27% to 77,741.98. The Nifty 50 index advanced 292.35 points or 1.22% to 24,276.95.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index jumped 0.81%...