Mumbai, Dec. 5 -- The headline equity benchmarks traded with moderate gains in the afternoon trade, after the RBI trimmed the repo rate by 25 basis points to 5.25%. Traders are tracking ongoing IPO activity, crude oil trends and global cues. Market participants are also looking ahead to the US Personal Consumption Expenditure data scheduled for release on Friday, which could influence Fed policy. The Nifty traded above the 26,150 mark.

IT, PSU bank and realty shares advanced, while media, FMCG and consumer durables shares corrected.

At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 455.06 points or 0.53% to 85,720.38. The Nifty 50 index gained 154.80 points or 0.60% to 26,188.85.

In the broader market, the S&P BSE Mid-Cap ...