Mumbai, Nov. 2 -- The domestic equity benchmarks traded with major gains in the mid-afternoon trade as traders booked profits at higher levels. However, the underlying sentiment remained firm. Falling crude oil prices, strong Q2 earnings from Reliance Industries and Jio Platforms, and renewed foreign investor buying supported the rally. Expectations of long-term capital gains tax relief, a stronger rupee and easing bond yields also lifted sentiment. Weakness in global AI-linked stocks further supported Indian equities. The Nifty traded above the 23,250 mark. PSU bank shares advanced after declining in the past trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 742.74 points or 1% to 75,209.59. The Nifty 50 inde...