Mumbai, June 26 -- The domestic equity benchmarks traded with major gains in the mid- afternoon trade, supported by gains in Asian markets and continued optimism around a possible Israel-Iran ceasefire. The Nifty hovered above the 25,500 level. Private bank stocks rebounded after slipping in the last session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, soared 902.45 points or 1.08% to 83,638.73. The Nifty 50 index rallied 265.05 points or 1.05% to 25,510.85.

In the broader market, the S&P BSE Mid-Cap index rose 0.33% and the S&P BSE Small-Cap index added 0.03%.

The market breadth was negative. On the BSE, 1,931 shares rose and 1,993 shares fell. A total of 166 shares were unchanged.

Buzzing Index:

The Nifty Private Bank i...