Mumbai, Oct. 7 -- The key equity benchmarks continued to trade with modest losses in mid-morning trade after the RBI raised the repo rate by 25 basis points to 5.50% from 5.25%, in line with expectations. The Nifty traded below the 22,700 level. Auto shares declined after advancing in the past two trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 148.37 points or 0.20% to 72,919.44. The Nifty 50 index lost 88.05 points or 0.39% to 22,688.05.

In the broader market, the BSE 150 MidCap Index declined 0.22% and the BSE 250 SmallCap Index rose 0.16%.

The market breadth was negative. On the BSE, 1,972 shares rose and 1,975 shares fell. A total of 254 shares were unchanged.

RBI hikes repo rate by 25 bps to 5.50%...