Mumbai, April 11 -- The headline equity benchmarks traded with significant gains in mid-afternoon trade after the U.S. announced a 90-day suspension of an additional 26% tariff on India, lifting investor sentiment despite global trade uncertainties. The Nifty traded above the 22,750 mark.

Oil & gas shares jumped after declining in the past trading session.

At 14:28 IST, the barometer index, the S&P BSE Sensex, soared 1,090.76 points or 1.48% to 74,937.91. The Nifty 50 index surged 369.30 points or 1.65% to 22,768.45.

In the broader market, the S&P BSE Mid-Cap index rallied 1.61% and the S&P BSE Small-Cap index surged 2.78%.

The market breadth was strong. On the BSE, 3,053 shares rose and 829 shares fell. A total of 146 shares were unc...