Mumbai, March 27 -- The key equity benchmarks traded rangebound with decent gains in mid-morning trade. The Nifty traded above 23,550 mark. Media shares advanced after declining in the past two trading sessions.

At 11:25 IST, the barometer index, the S&P BSE Sensex, added 341.20 points or 0.44% to 77,628.47. The Nifty 50 index advanced 100.30 points or 0.43% to 23,587.15.

In the broader market, the S&P BSE Mid-Cap index rose 0.04% and the S&P BSE Small-Cap index added 0.33%.

The market breadth was negative. On the BSE, 1,766 shares rose and 1,994 shares fell. A total of 154 shares were unchanged.

Buzzing Index:

The Nifty Media index rose 0.82% to 1,499.60. The index declined 3.96% in the past two trading sessions.

Saregama India (up...