Mumbai, July 29 -- The domestic equity benchmarks traded with modest gains in mid-afternoon trade. Investors are closely tracking the ongoing earnings season, tariff situation and developments in the India-US trade deal. The Nifty surged above the 24,800 level.

Realty shares advanced after declining in the past five consecutive trading sessions.

At 14:29 IST, the barometer index, the S&P BSE Sensex jumped 406.81 points or 0.50% to 81,295.84. The Nifty 50 index advanced 143.55 points or 0.58% to 24,824.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.75% and the S&P BSE Small-Cap index rose 0.93%.

The market breadth was positive. On the BSE, 2,066 shares rose and 1,787 shares fell. A total of 18...