Mumbai, June 26 -- The domestic equity indices traded with modest gains in the early afternoon trade, supported by optimism over the Iran-Israel ceasefire. Positive global cues from Asian markets and institutional activity influenced market sentiment.

The Nifty traded above the 25,400 level. Financial services shares witnessed buying demand for the third consecutive trading session.

At 12:30 ST, the barometer index, the S&P BSE Sensex, jumped 536.96 points or 0.65% to 83,295.47. The Nifty 50 index added 163.10 points or 0.65% to 25,408.30.

In the broader market, the S&P BSE Mid-Cap index rose 0.07% and the S&P BSE Small-Cap index shed 0.06%.

The market breadth was negative. On the BSE, 1,884 shares rose and 1,948 shares fell. A total ...