Mumbai, July 31 -- The domestic equity benchmarks traded with modest gains in mid-afternoon trade. The Nifty traded a tad above the 24,400 level. PSU bank extended gains for three consecutive trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 260.93 points or 0.33% to 78,189.08. The Nifty 50 index rose 86.35 points or 0.36% to 24,403.50.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.49% and the BSE 250 SmallCap Index added 0.63%.

The market breadth was strong. On the BSE, 2,529 shares rose and 1,610 shares fell. A total of 212 shares were unchanged.

Buzzing Index:

The Nifty PSU Bank index rose 0.62% to 8,379.25. The index jumped 1.19% in the three consecutive tradin...