Mumbai, May 5 -- The key equity indices traded with modest gains in the mid-morning trade, supported by easing global trade tensions, persistent foreign inflow and a continued rise in India's foreign exchange reserves, which climbed for the eighth straight week. Nifty traded above the 24,450 mark. FMCG shares advanced after declining in the past three consecutive trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, gained 346.38 points or 0.43% to 80,848.37. The Nifty 50 index rose 126.45 points or 0.52% to 24,473.15.

The broader market outperformed the frontline indices. the S&P BSE Mid-Cap index rallied 1.03% and the S&P BSE Small-Cap index gained 0.88%.

The market breadth was strong. On the BSE, 2,460 shares rose...