Mumbai, Sept. 4 -- The key equity indices continued to trade with decent gains in the mid-morning trade after the government cut taxes on several goods as part of a major GST overhaul. The move aims to boost consumer spending ahead of the festive season and ease the impact of high U.S. tariffs, among other factors.

The Nifty traded above the 24,800 level. Financial Services stocks extended their gains for the second consecutive trading session.

At 11:30 ST, the barometer index, the S&P BSE Sensex, rallied 408.66 points or 0.51% to 80,980.43. The Nifty 50 index added 114.95 points or 0.55% to 24,827.90.

In the broader market, the S&P BSE Mid-Cap index shed 0.09% and the S&P BSE Small-Cap index fell 0.09%.

The market breadth was positiv...