Mumbai, Sept. 4 -- The headline equity benchmarks traded with decent gains in morning trade after the government cut taxes on several goods as part of a major GST overhaul. The move aims to boost consumer spending ahead of the festive season and ease the impact of high U.S. tariffs, among other factors.

The Nifty traded near the 24,850 mark. Auto stocks extended their gains for the second consecutive trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, rallied 453.57 points or 0.57% to 81,035.83. The Nifty 50 index added 135.80 points or 0.55% to 24,851.25.

In the broader market, the S&P BSE Mid-Cap index rose 0.26% and the S&P BSE Small-Cap index added 0.23%.

The market breadth was strong. On the BSE, 2,315 shares r...