Mumbai, Sept. 16 -- The key equity benchmarks traded with significant gains in mid-morning trade, tracking positive cues from Asian markets as the recent rally in crude oil prices paused. Investors remained cautious ahead of the US Federal Reserve's policy meeting later today. The Nifty surged above the 23,200 level, indicating some recovery in market sentiment.

FMCG shares rebounded after tumbling in the four consecutive trading sessions.

At 11:25 IST, the barometer index, the S&P BSE Sensex jumped 308.41 points or 0.41% to 74,305.75. The Nifty 50 index added 112.05 points or 0.50% to 23,233.35.

In the broader market, the BSE 150 MidCap Index fell 0.02% and the BSE 250 SmallCap Index shed 0.44%.

The market breadth was weak. On the BS...