Mumbai, June 1 -- The headline equity benchmarks erased all their early gains and traded in negative territory. The Nifty slipped below the 23,550 mark. IT stocks extended their gains for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, shed 15.33 points or 0.01% to 74,752.52. The Nifty 50 index slipped 9.50 points or 0.04% to 23,538.25.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.83% and the BSE 250 SmallCap Index lost 0.26%.

The market breadth was negative. On the BSE, 1,815 shares rose and 2,095 shares fell. A total of 227 shares were unchanged.

Buzzing Index:

The Nifty IT index surged 3.31% to 30,041.30. The index rallied 3.92% in two conse...