Mumbai, Aug. 4 -- The key equity indices witnessed modest gains in afternoon trade. The Nifty traded a tad above the 24,700 level. Realty shares rebounded after falling in the previous three consecutive trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex, advanced 423.75 points or 0.53% to 81,023.66. The Nifty 50 index gained 150.60 points or 0.62% to 24,717.45.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.93% and the S&P BSE Small-Cap index rose 0.63%.

The market breadth was positive. On the BSE, 2,173 shares rose and 1,855 shares fell. A total of 182 shares were unchanged.

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) commenced its meeting today, 4 A...