Mumbai, April 17 -- The key domestic indices traded with small gains in early afternoon trade supported by easing geopolitical tensions. Investor sentiment strengthened following a temporary ceasefire between Israel and Lebanon, boosting hopes of fresh negotiations involving the United States and Iran. The Nifty traded above the 24,250 mark.

Oil & gas shares jumped after declining in the past trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 300.88 points or 0.39% to 78,292.67. The Nifty 50 index jumped 92.75 points or 0.38% to 24,288.70.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.86% and the BSE 250 SmallCap Index jumped 1.11%.

The market breadth was strong. On...