Nifty below 22,450 mark; media shares decline
Mumbai, March 11 -- The benchmark indices traded with modest losses in mid-morning trade. The Nifty traded below 22,450 mark. Media shares fell after advancing in the past trading session.
At 11:28 IST, the barometer index, the S&P BSE Sensex was down 318.04 points or 0.43% to 73,801.35. The Nifty 50 index lost 79.25 points or 0.35% to 22,414.30.
In the broader market, The S&P BSE Mid-Cap index shed 0.29% and the S&P BSE Small-Cap index slipped 1.44%.
The market breadth was weak. On the BSE, 1,147 shares rose and 2,654 shares fell. A total of 149 shares were unchanged.
Economy:
Continuing the gaining streak, India's forex reserves surged $6.55 billion to $625.626 billion during the week ended March 1, according to the latest RBI data...
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