The frontline indices pared early gains and traded with minor losses in morning trade. The Nifty traded below the 22,500 level after hitting the day's high of 22,620.40 in early trade. IT shares witnessed buying demand for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 160.29 points or 0.22% to 74,177.60. The Nifty 50 index lost 37.15 points or 0.16% to 22,533.20.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.49% and the S&P BSE Small-Cap index added 0.27%.

The market breadth was positive. On the BSE, 1,944 shares rose and 1,466 shares fell. A total of 189 shares were unchanged.

Politics:

The second phase of voting, scheduled for April 26, encompasses 89 constituenc...

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  Strong market breadth