The benchmark indices pared some losses but traded with minor cuts in mid-morning trade. The Nifty climbed above the 21,900 level. PSU Bank shares witnessed selling pressure for the fifth consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 322.47 points or 0.44% to 72,166.52. The Nifty 50 index dropped 93.85 points or 0.43% to 21,902.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 1.23% while the S&P BSE Small-Cap index fell 0.81%.

The market breadth was weak. On the BSE, 1,122 shares rose and 2,420 shares fell. A total of 128 shares were unchanged.

Politics:

India is gearing up for its election in 2024. The BJP is looking to consolidate its grip on power as it aims for a histor...

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