Mumbai, May 12 -- The headline equity indices traded with strong gains in the afternoon trade, as geopolitical tensions eased following a ceasefire between India and Pakistan after days of missile and drone attacks, while progress on the US-China trade deal further boosted sentiment. Barring the Pharma index, all the other sectoral indices on the NSE were traded in green. The Nifty climbed above the 23,800 level.

At 13:28 IST, the barometer index, the S&P BSE Sensex, zoomed 2,590.57 points or 3.26% to 82,045.04. The Nifty 50 index soared 810.40 points or 3.38% to 24,818.40.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 3.36% and the S&P BSE Small-Cap index gained 3.99%.

The market breadth wa...