Mumbai, Nov. 17 -- The domestic equity benchmarks traded with modest gains in the mid-morning trade, supported by healthy second-quarter corporate earnings. However, investors remained cautious amid uncertainty surrounding progress on a potential U.S.-India trade deal.

The Nifty traded above the 25,950 mark. Private bank shares extended gains for a seventh consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, gained 249.78 points or 0.30% to 84,812.56. The Nifty 50 index rose 60.95 points or 0.24% to 25,969.10. The Nifty Bank index hit a record high of 58,979.85 in morning trade.

The broader market outperforms frontline indices. The S&P BSE Mid-Cap index jumped 0.56% and the S&P BSE Small-Cap index rallied...