Mumbai, Jan. 16 -- The domestic equity indices traded with small gains in mid-afternoon trade, supported by a rally in IT stocks after Infosys reported stronger-than-expected quarterly results and raised its full-year revenue growth guidance. Meanwhile, in the Maharashtra elections, the Bharatiya Janata Party-Shiv Sena alliance was leading in early trends, boosting investor sentiment as markets typically view political stability and continuity in governance as positive for economic and policy outlook. The Nifty traded above the 25,650 mark.

Private bank shares advanced after declining in the past trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex advanced 198.87 points or 0.24% to 83,581.58. The Nifty 50 index added ...