Mumbai, May 14 -- The key equity indices traded with decent gains in early afternoon trade, supported by softer-than-expected WPI, retail, and U.S. inflation data. The Nifty traded above the 24,650 mark. Oil & gas shares rallied after declining in the past trading session.

At 12:26 IST, the barometer index, the S&P BSE Sensex, advanced 164.61 points or 0.20% to 81,318.43. The Nifty 50 index jumped 89.55 points or 0.36% to 24,667.90.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.96% and the S&P BSE Small-Cap index added 1.41%.

The market breadth was strong. On the BSE, 2,726 shares rose and 1,061 shares fell. A total of 177 shares were unchanged.

Economy:

The Wholesale Price Index (WPI) eased ...