Mumbai, June 27 -- The frontline indices traded with modest gains in the afternoon trade, boosted by strong foreign institutional investor (FII) inflows and global optimism. Benchmark indices rose as crude oil prices fell and the US Federal Reserve indicated a softer policy outlook. The positive momentum persisted despite ongoing global risks and worries about approaching tariff deadlines. The Nifty hovered above the 25,600 level. Oil & gas, PSU bank and auto shares advanced, while realty and IT shares declined.

At 13:30 IST, the barometer index, the S&P BSE Sensex, jumped 238.43 points or 0.28% to 83,993.09. The Nifty 50 index added 80.90 points or 0.32% to 25,628.50.

The broader market outperformed the frontline indices. The S&P BSE M...