Mumbai, Nov. 20 -- The headline equity benchmarks traded with substantial gains in mid-afternoon trade, supported by positive global cues after AI bellwether Nvidia reported upbeat earnings and FII inflows. However, investors will continue to monitor movements in crude oil prices and other global developments.

The Nifty traded above the 26,200 level. IT shares extended gains for the second consecutive trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, advanced 471.71 points or 0.55% to 85,658.18. The Nifty hit an all-time high of 26,246.65, while the Sensex also reached a record high of 85,801.70 in mid-afternoon trade.

The broader market, the S&P BSE Mid-Cap index added 0.10% and the S&P BSE Small-Cap index rose 0...