Mumbai, April 17 -- The key equity benchmarks traded with modest gains in early trade. Nifty traded above the 24,200 level. Media, FMCG and oil & gas shares surged while metal and pharma shares declined.

At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 160.51 points or 0.21% to 78,149.19. The Nifty 50 index rose 33.25 points or 0.14% to 24,229.15.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index gained 0.53% and the BSE 250 SmallCap Index added 0.82%.

The market breadth was strong. On the BSE, 2,460 shares rose and 738 shares fell. A total of 172 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 382.36 crore, while domestic institutional investors (DIIs) were n...