Mumbai, May 12 -- The domestic equity benchmarks traded with robust gains in the mid- afternoon trade, as geopolitical tensions eased following a ceasefire between India and Pakistan after days of missile and drone attacks, while progress on the US-China trade deal further boosted sentiment. The Nifty traded above the 24,900 level. IT shares rallied after declining for the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, zoomed 2,859.87 points or 3.60% to 82,314.34. The Nifty 50 index soared 890.85 points or 3.71% to 24,904.85.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 3.70% and the S&P BSE Small-Cap index gained 3.71%.

The market breadth was strong. On th...