India, March 19 -- The key equity benchmarks traded with major losses in mid-morning trade, mirroring sharp declines in global markets following the US Federal Reserve's policy outcome. Investor sentiment remained subdued amid concerns over elevated crude oil prices, which continued to weigh on risk appetite. The Nifty traded below the 23,250 mark. Realty shares declined after advancing in the past two trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 1,783.12 points or 2.32% to 74,921.01. The Nifty 50 index lost 538.60 points or 2.27% to 23,239.20.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index dropped 2.08% and the BSE 250 SmallCap Index fell 1.82%.

The market breadth was ...