Mumbai, May 29 -- The domestic equity indices traded with moderate gains in early trade, tracking positive cues from broader Asian markets and firm Wall Street futures. Investor sentiment was buoyed after a U.S. federal court blocked former President Donald Trump's proposed Liberation Day tariffs.

The Nifty traded above the 24,800 level. IT, metal and private bank shares advanced while FMCG, realty and PSU bank shares declined. The market could be volatile due to the monthly expiry of the Nifty F&O series today.

At 09:30 IST, the barometer index, the S&P BSE Sensex, rallied 254.63 points or 0.34% to 81,568.10. The Nifty 50 index rose 65.85 points or 0.27% to 24,819.30.

In the broader market, the S&P BSE Mid-Cap index rose 0.27% and the...