Mumbai, July 6 -- The key equity barometers traded with significant gains in mid-morning trade as positive stock-specific triggers lifted investor sentiment despite lingering global uncertainties. Market participants will continue to monitor the progress of the monsoon, along with movements in crude oil, gold, and silver prices for further directional cues. The Nifty traded above 24,400 level.

Oil & Gas shares witnessed buying demand for five consecutive trading sessions.

At 12:25 IST, the barometer index, the S&P BSE Sensex jumped 551.78 points or 0.71% to 78,315.89. The Nifty 50 index surged 166.95 points or 0.69% to 24,437.80.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index shed 0.38% and the BSE 25...