Mumbai, Oct. 22 -- The key equity benchmarks continued to trade with modest cuts in mid-morning trade. The Nifty traded below the 22,750 level. FMCG shares extended losses for the fifth consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex tanked 201.04 points or 0.22% to 73,549.33. The Nifty 50 index lost 90.40 points or 0.41% to 22,720.95.

In the broader market, the BSE 150 MidCap Index declined 0.68% and the BSE 250 SmallCap Index fell 0.58%.

The market breadth was weak. On the BSE, 1,594 shares rose and 2,377 shares fell. A total of 249 shares were unchanged.

IPO Update:

Jio Platforms received bids for 68,95,13,712 shares as against 19,75,25,934 shares on offer, according to stock exchange data at 11:...