Mumbai, April 11 -- The frontline indices traded with major gains in early afternoon trade after the U.S. announced a 90-day suspension of an additional 26% tariff on India, lifting investor sentiment despite global trade uncertainties. The Nifty traded a tad above the 22,900 level. Pharma shares advanced after declining in the past trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, soared 1,570.20 points or 2.13% to 75,416.51. The Nifty 50 index surged 508.20 points or 2.28% to 22,909.50.

In the broader market, the S&P BSE Mid-Cap index rallied 2.07% and the S&P BSE Small-Cap index surged 2.77%.

The market breadth was strong. On the BSE, 3,031 shares rose and 735 shares fell. A total of 156 shares were unchanged....