Mumbai, July 3 -- The key equity barometers traded with modest gains in mid-morning trade, tracking positive global cues after weaker-than-expected US jobs data reinforced expectations of a Federal Reserve interest rate cut at its upcoming policy meeting. Improved global risk sentiment lifted broad-based buying, with IT stocks leading gains on hopes of a more accommodative US monetary policy. The Nifty traded a tad above the 24,350 mark. Realty shares extended gains for the fourth consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, jumped 570.37 points or 0.74% to 78,072.49. The Nifty 50 index surged 182.60 points or 0.76% to 24,358.30.

The broader market underperformed the frontline indices. The BSE 150 ...