Mumbai, Dec. 5 -- The key equity indices traded with moderate gains in mid-afternoon trade after the RBI cuts the repo rate by 25 basis points to 5.25%. The Nifty traded above the 26,150 mark. 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.

Auto shares jumped after declining in the past two trading sessions.

At 14:29 IST, the barometer index, the S&P BSE Sensex, advanced 351.39 points or 0.41% to 85,616.71. The Nifty 50 index jumped 123.65 points or 0.47% to 26,155.75.

In the broader market, the S&P BSE Mid-Cap index rose 0.18% and the S&P BSE Small-Ca...