Mumbai, Oct. 30 -- The key equity indices pared their early gains and slipped into negative territory in morning trade on Friday as investors turned cautious amid elevated crude oil prices and persistent inflation concerns. Market participants also assessed corporate earnings for further cues on the market's direction. The Nifty traded below the 22,950 mark ahead of the September quarter results of Reliance Industries and Jio Platforms, scheduled for release later in the day.

IT shares witnessed buying demand for second consecutive trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex declined 15.11 points or 0.02% to 74,124.05. The Nifty 50 index shed 16.75 points or 0.08% to 22,918.65.

The broader market underperform...