Mumbai, Aug. 6 -- The domestic equity benchmarks traded with modest gains in mid-afternoon trade. The Nifty traded tad above the 24,650 mark. Oil & gas shares advanced after declining in the past two trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 277.26 points or 0.35% to 78,858.26. The Nifty 50 index rose 28.15 points or 0.11% to 24,652.80.

In the broader market, the BSE 150 MidCap Index rose 0.35% and the BSE 250 SmallCap Index jumped 0.70%.

The market breadth was positive. On the BSE, 2,168 shares rose and 2,065 shares fell. A total of 199 shares were unchanged.

Buzzing Index:

The Nifty Oil & Gas index rose 0.87% to 11,313.65. The index jumped 1.24% in the past two trading sessions.

Reliance Indust...