Mumbai, Feb. 3 -- The key equity benchmarks traded with significant gains in the early afternoon trade as investors cheered the long-awaited trade agreement between India and the United States. The announcement sparked broad-based buying across sectors, enabling domestic markets to recoup losses triggered by the recent Union Budget.

The Nifty traded near the 25,800 level. Consumer Durables shares extended gains for two consecutive trading sessions.

At 11:28 ST, the barometer index, the S&P BSE Sensex, zoomed 2,379.76 points or 2.91% to 84,046.22. The Nifty 50 index added 709.65 points or 2.83% to 25,798.05.

In the broader market, the S&P BSE 150 MidCap Index rallied 2.91% and the S&P BSE 250 SmallCap Index jumped 2.91%.

The market bre...