Mumbai, April 15 -- The headline equity indices traded with major gains in the morning trade, tracking a rally in global markets amid optimism over the resumption of US-Iran peace talks. Nifty traded above the 24,250 mark. Media shares advanced after declining in the previous trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, surged 1,375 points or 1.79% to 78,222.57. The Nifty 50 index rose 417.05 points or 1.75% to 24,263.50.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index jumped 2.05% and the BSE 250 SmallCap Index added 2.23%.

The market breadth was strong. On the BSE, 3,450 shares rose and 531 shares fell. A total of 181 shares were unchanged.

The NSE's India VIX, a gauge of th...