Mumbai, March 27 -- The key equity indices traded in rangebound with moderate gains in mid-afternoon trade, supported by continuous foreign fund inflows and buying in blue-chip stocks, aiding the recovery in equities. The Nifty traded above the 23,600 level. The Nifty monthly futures and options (F&O) contracts are set to expire today.

Auto shares declined after U.S. President Donald Trump announced a 25% tariff on imported cars and light trucks, a move aimed at boosting domestic manufacturing. The tariff, set to take effect on April 3, is expected to increase costs for automakers and potentially dent sales.

At 14:25 IST, the barometer index, the S&P BSE Sensex, rallied 396.58 points or 0.51% to 77,684.54. The Nifty 50 index added 120....