Mumbai, May 21 -- The domestic equity indices traded with moderate gains in mid-afternoon trade, supported by sustained buying interest. Investors remained focused on global cues and Q4 earnings announcements. The Nifty traded above the 24,800 level. IT shares jumped after declining in the past three trading sessions.

At 14:25 IST, the barometer index, the S&P BSE Sensex gained 392.80 points or 0.48% to 81,578.72. The Nifty 50 index rose 119 points or 0.48% to 24,802.90.

In the broader market, the S&P BSE Mid-Cap index rallied 0.73% and the S&P BSE Small-Cap index added 0.22%.

The market breadth was positive. On the BSE, 2,057 shares rose and 1,851 shares fell. A total of 148 shares were unchanged.

The NSE's India VIX, a gauge of the ...