Mumbai, June 12 -- The key equity barometers traded with major gains in morning trade, tracking a rally in global markets after easing geopolitical tensions in West Asia boosted investor sentiment and sparked broad-based buying across sectors. Nifty traded above the 23,350 mark. Realty shares advanced after declining in the past two trading sessions.

At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 737.30 points or 1% to 74,569.85. The Nifty 50 index rose 198.45 points or 0.85% to 23,357.60.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 1.30% and the BSE 250 SmallCap Index added 1.61%.

The market breadth was strong. On the BSE, 2,864 shares rose and 774 shares fell. A total of 189 s...