Mumbai, Oct. 7 -- The key equity benchmarks traded with modest cuts in early trade as focus shifted to the RBI MPC outcome, with investors expecting the central bank to raise interest rates. The Nifty traded below the 22,650 level. Barring media, all other sectoral indices traded in the red on the NSE.

At 09:30 IST, the barometer index, the S&P BSE Sensex, tanked 464.87 points or 0.64% to 72,603.25. The Nifty 50 index lost 163.70 points or 0.73% to 22,608.85.

In the broader market, the BSE 150 MidCap Index declined 0.37% and the BSE 250 SmallCap Index fell 0.04%.

The market breadth was negative. On the BSE, 1,363 shares rose and 1,674 shares fell. A total of 205 shares were unchanged.

FPIs sold shares worth Rs 23,485.97 crore in Octob...