Mumbai, May 12 -- The frontline indices traded with robust gains in mid-morning trade after India and Pakistan reached a ceasefire agreement over the weekend, easing geopolitical tensions that had escalated amid days of heavy missile and drone attacks on military targets. The Nifty traded a tad above the 24,700 level. Metal shares advanced after retreating in the past two consecutive trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 2,360.95 points or 2.97% to 81,815.42. The Nifty 50 index gained 729.25 points or 3.03% to 24,736.55.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 3.17% and the S&P BSE Small-Cap index gained 3.88%.

The market breadth was strong. On ...