Mumbai, Jan. 16 -- Headline equity indices traded with significant gains in morning trade, with the Sensex and Nifty buoyed by a rally in IT stocks after Infosys delivered stronger-than-expected quarterly results and raised its full-year revenue growth guidance. Reliance Industries is set to announce its Q3 results today, with analysts expecting a strong performance from its refining division, supported by higher diesel cracks and a weaker rupee.

Meanwhile, the BJP is leading in the Maharashtra elections. The Nifty traded above the 25,850 mark, with IT shares rebounding after declining in the previous trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 697.34 points or 0.83% to 84,080.28. The Nifty 50 index su...