Mumbai, Oct. 15 -- The headline equity indices traded with major gains in the early-afternoon trade, snapping a two-day losing streak. The Nifty traded above the 25,300 level. Metal shares advanced after declining in the past three consecutive trading sessions.

At 12:30 ST, the barometer index, the S&P BSE Sensex, jumped 486.19 points or 0.58% to 82,459.44. The Nifty 50 index added 155.56 points or 0.62% to 25,301.35.

In the broader market, the S&P BSE Mid-Cap index rose 0.89% and the S&P BSE Small-Cap index added 0.59%.

The market breadth was strong. On the BSE, 2,400 shares rose and 1,534 shares fell. A total of 186 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the n...