Mumbai, July 9 -- The domestic equity benchmarks traded with modest gains in mid-afternoon trade. The Nifty traded above 24,050. PSU bank shares advanced after declining in the past five trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 615.77 points or 0.81% to 77,124.25. The Nifty 50 index rose 188.45 points or 0.79% to 24,070.50.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.58% and the BSE 250 SmallCap Index added 1.85%.

The market breadth was weak. On the BSE, 2,945 shares rose and 1,188 shares fell. A total of 207 shares were unchanged.

Buzzing Index:

The Nifty PSU Bank index rose 1.71% to 8,210.35. The index declined 4.27% in the past five trading sessions....