Mumbai, Nov. 5 -- The key equity benchmarks continued to trade with major gains in the mid-morning trade, supported by a sharp decline in crude oil prices following the US midterm election results. The Nifty traded above the 24,350 mark. IT shares advanced after declining in the past trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 1,431.80 points or 1.88% to 78,732.70. The Nifty 50 index rose 414.90 points or 1.73% to 24,375.50.

In the broader market, the BSE 150 MidCap Index gained 1.79% and the BSE 250 SmallCap Index added 1.17%.

The market breadth was strong. On the BSE, 3,097 shares rose and 1,021 shares fell. A total of 214 shares were unchanged.

Buzzing Index:

The Nifty IT index jumped 2.37% to 32...