Mumbai, Nov. 5 -- The domestic equity benchmarks traded with modest gains in the mid-afternoon trade. The Nifty traded above the 24,500 level. Private Bank share extended gain for the third consecutive trading session.

At 14:30 IST, the S&P BSE Sensex jumped 2,064.13 points or 2.67% to 79,365.53. The Nifty 50 index rose 585.60 points or 2.44% to 24,546.20.

The broader market index, the BSE 150 MidCap Index gained 2.31% and the BSE 250 SmallCap Index added 1.17%.

The market breadth was strong. On the NSE, 3,024 shares rose and 1,363 shares fell. A total of 91 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index rose 3.42% to 28,576.80. The index jumped 5.71% in the three consecutive trading session.

IndusInd Bank (up 5....