Mumbai, Oct. 26 -- The key equity benchmarks rebounded in mid-afternoon trade. The recovery was supported by value buying in beaten-down stocks, and fresh buying interest in select heavyweight shares. The Nifty trade near the 22,700 mark.

At 14:25 IST, the S&P BSE Sensex advanced 306.56 points or 0.27% to 73,320.10. The Nifty 50 index rose 95.10 points or 0.42% to 22,695.10.

The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 0.70% and the Nifty SmallCap 250 Index jumped 0.81%.

The market breadth was negative. On the NSE, 1978 shares rose and 1513 shares fell. A total of 92 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 3.45% to ...