Mumbai, Sept. 23 -- The headline equity benchmarks reversed all losses and traded with minor gains in the mid-afternoon session. Investors are closely monitoring IPO participation. The market is volatile today due to the weekly F&O expiry of the Nifty and Bank Nifty. The Nifty is trading near the 25,200 level. PSU bank shares advanced after declining in the previous trading session.

At 14:25 IST, the barometer index, the S&P BSE Sensex advanced 61.05 points or 0.08% to 82,207.60. The Nifty 50 index added 10.90 points or 0.05% to 25,213.25.

In the broader market, the S&P BSE Mid-Cap index fell 0.18% and the S&P BSE Small-Cap index declined 0.24%.

The market breadth was weak. On the BSE, 1,767 shares rose and 2,310 shares fell. A total o...