Mumbai, May 15 -- The domestic equity benchmarks reversed all gains and traded with minor losses in mid-afternoon trade. Nifty traded tad below the 23,700 level. Pharma shares rallied for the fourth consecutive trading session.

At 14:30 IST, the S&P BSE Sensex slipped 45.01 points or 0.06% to 75,353.71. The Nifty 50 index fell 10 points or 0.04% to 23,678.70.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index declined 0.30% and the BSE 250 SmallCap Index shed 0.20%.

The market breadth was negative. On the BSE, 2,818 shares rose and 2,238 shares fell. A total of 216 shares were unchanged.

Fuel Hike

Petrol and diesel prices were increased across India on Friday with immediate effect as oil marketing compa...