The equity benchmark indices traded with substantial losses in mid-morning trade. The Nifty traded below 21,800 level after hitting day’s high of 22,011.05 in early trade. PSU Bank shares extended gains for second consecutive trading session.

At 11:26 IST, the barometer index, the S&P BSE Sensex, dropped 627.49 points or 0.87% to 71,524.51. The Nifty 50 index declined 173.95 points or 0.79% to 21,756.55.

In the broader market, the S&P BSE Mid-Cap index rose 0.28% and the S&P BSE Small-Cap index gained 0.46%.

The market breadth was negative. On the BSE, 1,626 shares rose and 2,072 shares fell. A total of 128 shares were unchanged.

RBI MPC Outcome:

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Thursday decided to keep its key policy rates u...

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  (25-Jun-24 09:32)

  Indices nudge higher; Nifty above 23,550
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  (25-Jun-24 10:33)

  Indices trade with minor gains; Nifty Bank hits record high
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  (24-Jun-24 09:32)

  Market drifts lower; Sensex slides 270 pts; breadth negative
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  (24-Jun-24 10:33)

  Nifty below 23,450 mark; media shares under pressure