Mumbai, May 12 -- The key equity indices traded with major gains in the morning trade after India and Pakistan reached a ceasefire agreement over the weekend, easing geopolitical tensions that had escalated amid days of heavy missile and drone attacks on military targets. The Nifty traded a tad above the 24,700 level. Realty shares advanced after retreating in the past two consecutive trading sessions.

At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 2,243.14 points or 2.82% to 81,697.61. The Nifty 50 index gained 697.45 points or 2.90% to 24,705.35.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 3.17% and the S&P BSE Small-Cap index gained 3.80%.

The market breadth was strong. On...