Mumbai, June 15 -- The domestic equity indices traded with significant gains in mid-morning trade, mirroring a rally in global markets after the US and Iran reached a ceasefire agreement. Easing geopolitical tensions, a steep decline in crude oil prices, and a stronger rupee boosted investor sentiment and supported risk appetite across global equities. Investors will continue to monitor monsoon progress, foreign institutional investor (FII) flows, and the inflation outlook for further market cues. The Nifty traded above the 23,950 level.

Auto shares gained for the second consecutive trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex surged 1,141.17 points or 1.51% to 76,669.12. The Nifty 50 index soared 342.10 points...