Mumbai, May 6 -- The domestic equity benchmarks traded with moderate gains in morning trade, buoyed by optimism over a potential US-Iran peace deal. Softer geopolitical tensions pushed Brent below $110 per barrel, while the rupee strengthened to hover near the 95-per-dollar mark. However, investors remain focused on Q4 earnings for near-term cues. The Nifty hovered above the 24,150 mark.

Auto shares witnessed buying demand for third consecutive trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex added 305.52 points or 0.40% to 77,323.31. The Nifty 50 index jumped 113.70 points or 0.47% to 24,144.30.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.98% and the BSE 250 SmallCap Ind...