Mumbai, May 11 -- The key equity benchmarks traded with major cuts in early trade. Nifty traded below the 23,950 mark. All sectoral indices on the NSE were traded in the red, with consumer durables, media and realty shares declining the most.

At 09:30 IST, the barometer index, the S&P BSE Sensex, tanked 893.99 points or 1.16% to 76,434.20. The Nifty 50 index fell 230.60 points or 0.98% to 23,940.45.

In the broader market, the BSE 150 MidCap Index slipped 0.99% and the BSE 250 SmallCap Index declined 0.73%.

The market breadth was weak. On the BSE, 1,124 shares rose and 2,218 shares fell. A total of 184 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 4,110.60 crore, while domestic institutional investors (...