Mumbai, April 4 -- The headline equity benchmarks traded with modest gains in the mid-afternoon trade. The Nifty traded above 22,500 level after hitting the day's low of 22,303.80 in morning trade. IT shares advanced for the second consecutive trading session. Trading was volatile due to the expiry of weekly index options on the NSE.

At 14:27 IST, the S&P BSE Sensex, was up 448.79 points or 0.60% to 74,330.74. The Nifty 50 index added 109.30 points or 0.49% to 22,544.65.

The Sensex and Nifty clocked an all-time high of 74,501.73 and 22,619, respectively in early trade.

In the broader market, the S&P BSE Mid-Cap index shed 0.05% and the S&P BSE Small-Cap index rose 0.54%.

The market breadth was strong. On the BSE, 2,377 shares rose and...