Mumbai, Aug. 13 -- The domestic equity benchmarks traded with significant gains in afternoon trade, tracking positive global cues. Upbeat domestic CPI data further boosted market sentiment. Investors are closely watching the ongoing earnings season, FII activity, and key macroeconomic data releases expected later this week.

Pharma, auto and metal shares advanced, while PSU bank and FMCG shares corrected.

At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 273.02 points or 0.34% to 80,508.61. The Nifty 50 index gained 126.54 points or 0.52% to 24,613.85.

In the broader market, the S&P BSE Mid-Cap index rose 0.59% and the S&P BSE Small-Cap index added 0.51%.

The market breadth was positive. On the BSE 2,159 shares rose and 1,...