Mumbai, May 14 -- The domestic equity benchmarks traded with modest gains in mid-afternoon trade, supported by value buying and optimism surrounding easing geopolitical tensions and ongoing US-China trade talks. Investors also remained focused on the ongoing Q4 earnings season. Nifty traded tad above the 23,750 mark. Private bank shares advanced after witnessing declines in the past four trading sessions.

At 14:30 IST, the S&P BSE Sensex advanced 1,001.02 points or 1.34% to 75,610. The Nifty 50 index added 342.75 points or 1.46% to 23,755.85.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index climbed 1.05% and the BSE 250 SmallCap Index jumped 0.30%.

The market breadth was positive. On the BSE, 2,093 shar...