Mumbai, Jan. 22 -- The key equity benchmarks traded with modest gains in mid-morning trade, tracking a rally in global markets amid improved investor sentiment. The Nifty traded above the 25,200 level. Media stocks advanced after declining in the previous three trading sessions.

At 11:30 ST, the barometer index, the S&P BSE Sensex, jumped 296.81 points or 0.36% to 82,206.44. The Nifty 50 index rose 91.90 points or 0.37% to 25,246.85.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.83% and the S&P BSE Small-Cap index rose 0.74%.

The market breadth was strong. On the BSE, 2,763 shares rose and 1,126 shares fell. A total of 188 shares were unchanged.

The NSE's India VIX, a gauge of the market's ex...