Mumbai, June 26 -- The frontline indices traded with major gains in the afternoon trade, supported by optimism over the Iran-Israel ceasefire. Positive global cues from Asian markets and institutional activity influenced market sentiment. The Nifty traded tad above the 25,400 level. Oil & gas, metal and private bank shares advanced, while realty, media and IT shares declined.

At 13:30 IST, the barometer index, the S&P BSE Sensex, jumped 547.04 points or 0.66% to 83,302.55. The Nifty 50 index added 153.20 points or 0.61% to 25,404.80.

In the broader market, the S&P BSE Mid-Cap index rose 0.12% and the S&P BSE Small-Cap index shed 0.07%.

The market breadth was negative. On the BSE, 1,969 shares rose and 1,908 shares fell. A total of 170 ...