Mumbai, Oct. 22 -- The key equity benchmarks traded with major cuts in the morning trade, as the escalating West Asia war keeps oil above $110 per barrel, stoking inflation concerns. The Nifty traded below the 22,750 mark. Media shares extended losses for the third consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex tanked 219.85 points or 0.30% to 73,489.84. The Nifty 50 index lost 80.30 points or 0.35% to 22,732.50.

In the broader market, the BSE 150 MidCap Index declined 0.37% and the BSE 250 SmallCap Index fell 0.23%.

The market breadth was negative. On the BSE, 1,525 shares rose and 2,216 shares fell. A total of 266 shares were unchanged.

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