Mumbai, Dec. 31 -- The headline equity benchmarks traded with significant gains in early afternoon trade, ending a four-session losing streak on the final trading day of the year, as bargain hunting lifted indices despite ongoing concerns over sustained foreign fund outflows.

The Nifty traded above 26,050 mark. Realty shares advanced after declining for previous three consecutive trading session.

At 12:28 IST, the barometer index, the S&P BSE Sensex advanced 419.46 points or 0.50% to 85,101.84. The Nifty 50 index jumped 154.65 points or 0.60% to 26,091.75.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.94%, while the S&P BSE Small-Cap index rose 0.98%.

The market breadth was strong. On the BS...