Mumbai, June 2 -- The key equity barometers traded with modest cuts in early afternoon trade. Nifty traded below the 23,400 level. Media shares declined after advancing in the past trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 265.04 points or 0.36% to 74,000.21. The Nifty 50 index lost 104.65 points or 0.45% to 23,277.95.

In the broader market, the BSE 150 MidCap Index fell 0.75% and the BSE 250 SmallCap Index shed 0.65%.

The market breadth was negative. On the BSE, 1,689 shares rose and 2,276 shares fell. A total of 185 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.71% to 15.93. The Nifty 30 June 2026 futures we...