Mumbai, May 14 -- The headline equity indices traded with minor gains in the afternoon trade, supported by softer-than-expected WPI, retail, and U.S. inflation data. Metal, media and IT shares advanced while bank, private bank and FMCG shares declined. The Nifty traded above the 24,650 mark.

At 13:28 IST, the barometer index, the S&P BSE Sensex, advanced 126.79 points or 0.16% to 81,265.89. The Nifty 50 index jumped 67.70 points or 0.28% to 24,646.05.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.97% and the S&P BSE Small-Cap index added 1.41%.

The market breadth was strong. On the BSE, 2,687 shares rose and 1,163 shares fell. A total of 164 shares were unchanged.

The NSE's India VIX, a gauge...