Mumbai, Oct. 1 -- The headline equity benchmarks traded with major gains in mid-afternoon trade. The Nifty traded above the 24,800 level. Auto shares extended gains for the second consecutive trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, jumped 667.69 points or 0.83% to 80,935.31. The Nifty 50 index gained 212.95 points or 0.87% to 24,819.85.

In the broader market, the S&P BSE Mid-Cap index added 0.66% and the S&P BSE Small-Cap index rose 0.92%.

The market breadth was positive. On the BSE, 2,597 shares rose and 1,444 shares fell. A total of 154 shares were unchanged.

Economy:

The Reserve Bank of India's Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 5.5% in its review that concluded o...