Mumbai, May 6 -- The key equity barometers traded with strong gains in mid-afternoon trade as investors remained optimistic over a potential US-Iran peace deal. Softer geopolitical tensions dragged Brent Crude prices below $110, 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 traded above the 24,300 level.

PSU Bank jumped after declining in the past five trading sessions.

At 14:25 IST, the barometer index, the S&P BSE Sensex rose 821.54 points or 1.13% to 77,886.74. The Nifty 50 index jumped 269.10 points or 1.11% to 24,292.70.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index advanced 1.60% and the BSE 250 Sm...