Mumbai, July 2 -- The key equity barometers traded with modest gains in mid-morning trade, supported by a sharp rally in IT stocks, a rebound in metal shares, and strength in the broader markets. Investor sentiment was further aided by easing crude oil prices amid ongoing Iran-US peace talks. However, market participants remained cautious, with volatility expected to stay elevated due to the weekly Sensex derivatives expiry. Nifty traded above the 24,100 level. Realty shares extended gains for the third consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 389.05 points or 0.45% to 77,311.69. The Nifty 50 index rose 116.25 points or 0.48% to 24,122.10.

The broader market outperformed the headline indi...