Mumbai, March 20 -- The key equity benchmarks traded with significant gains in mid-morning trade, driven by positive sentiment across global markets. The Nifty traded above 23,050 mark.

IT shares advanced, driven by the US Fed keeping interest rates steady and announcing two rate cuts later in the year, which boosted IT stocks.

At 11:25 IST, the barometer index, the S&P BSE Sensex, advanced 469.87 points or 0.63% to 75,924.07. The Nifty 50 index jumped 146.05 points or 0.64% to 23,053.65.

In the broader market, the S&P BSE Mid-Cap index rose 0.48% and the S&P BSE Small-Cap index added 0.45%.

The market breadth was strong. On the BSE, 2,401 shares rose and 1,356 shares fell. A total of 174 shares were unchanged.

Buzzing Index:

The Ni...