Mumbai, April 27 -- The headline equity indices traded with substantial gains in morning trade, with the Nifty 50 trading above the 24,000 level. Pharma shares rallied after declining in the previous trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex rallied 423.13 points or 0.55% to 77,087.69. The Nifty 50 index advanced 128.40 points or 0.54% to 24,026.35.

In the broader market, the BSE 150 MidCap Index jumped 1.15% and the BSE 250 SmallCap Index surged 1.68%.

The market breadth was strong. On the BSE, 2,905 shares rose and 952 shares fell. A total of 233 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 4.14% to 18.90.

Earnings Today:

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