Mumbai, July 17 -- The headline equity benchmarks traded with major gains in the mid-afternoon trade, as investors looked past the escalating US-Iran conflict and turned their focus to the ongoing Q1 FY27 earnings season. Sustained buying in heavyweight stocks across key sectors lifted the domestic market, with the Nifty trading near the 24,300 level. Market participants also awaited Reliance Industries' June-quarter earnings, scheduled to be announced later today.

Investors will continue to monitor developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for further cues on market direction.

IT, private bank and auto shares...