Mumbai, April 17 -- The domestic equity benchmarks traded with modest gains in mid-afternoon trade as broader markets outperformed the benchmarks despite lingering fragility in sentiment amid cautious optimism over potential US-Iran peace talks. The Nifty traded a tad above the 24,300 level. Media shares extended gains for the third consecutive trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, jumped 361.04 points or 0.46% to 78,349.72. The Nifty 50 index rose 115.85 points or 0.48% to 24,314.35.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 1.03% and the BSE 250 SmallCap Index added 1.49%.

The market breadth was strong. On the BSE, 2,963 shares rose and 1,274 shares fell. ...