Mumbai, July 29 -- The headline equity indices traded with strong gains on Wednesday, with the Nifty trading above the 24,200 mark in mid-morning trade. Market sentiment was supported by upbeat corporate earnings, optimism over the earnings outlook, positive global cues, continued foreign fund inflows, and investor focus on the U.S. Federal Reserve's policy decision. Metal stocks advanced after declining in the previous trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, surged 867.73 points or 1.13% to 77,633.65. The Nifty 50 index jumped 250.20 points or 1.05% to 24,235.25.

In the broader market, the BSE 150 MidCap Index rose 0.54% and the BSE 250 SmallCap Index rallied 0.92%.

The market breadth was strong. On the...