Mumbai, May 13 -- The key domestic benchmarks traded with decent gains in early afternoon trade amid value buying in beaten-down stocks. The Nifty, which opened at 23,362.45, briefly entered negative territory amid profit booking, but later rebounded to trade above the 23,450 mark. Investors will monitor upcoming Q4 earnings.

Consumer durables shares jumped for second consecutive trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 330.81 points or 0.44% to 74,890.05. The Nifty 50 index added 105.25 points or 0.46% to 23,485.80.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index climbed 1.18% and the BSE 250 SmallCap Index jumped 0.87%.

The market breadth was strong. On the BSE, ...