Mumbai, July 1 -- The key equity barometers traded with major gains in mid-morning trade. Nifty traded above the 24,000 level. FMCG shares jumped after declining in the past two trading sessions.

At 12:30 IST, the barometer index, the S&P BSE Sensex, jumped 507.24 points or 0.65% to 76,995. The Nifty 50 index surged 136.10 points or 0.57% to 24,026.50.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index rose 0.10% and the BSE 250 SmallCap Index rallied 0.22%.

The market breadth was positive. On the BSE, 2,330 shares rose and 1,674 shares fell. A total of 194 shares were unchanged.

Economy:

India's HSBC Manufacturing PMI eased to 54.2 in June from 55.0 in May. According to the seasonally adjusted HSBC Ind...