Mumbai, Sept. 23 -- The domestic equity benchmarks rebounded on Wednesday, supported by signs of easing tensions in the Middle East following US-Iran talks and a continued decline in oil prices. The Nifty closed above the 23,400 level, led by gains in metal, FMCG and PSU bank shares. However, IT and oil & gas stocks declined.

The S&P BSE Sensex jumped 299.17 points or 0.40% to 74,828.25. The Nifty 50 index added 117.80 points or 0.50% to 23,446.80.

Bajaj Finance (up 3.41%), Larsen & Toubro (up 1.64%) and Reliance Industries (up 0.61%) boosted the Nifty today.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.63% and the BSE 250 SmallCap Index rose 0.65%.

The market breadth was strong. On the BSE,...