The key equity barometers traded with slight losses in morning trades. Nifty moved in a range of 23121-22782. Nifty Chemicals, Nifty Auto and Nifty Consumer Durables shares declined, while Nifty IT shares advanced.

NIFTY had declined 1.11% in last session and shed 2.24% over last one-week.

At 12:15 IST, the barometer index, the S&P BSE Sensex, lost 492.42 points or 0.67% to 73,360.48. The Nifty 50 index moved lower by 105.30 points or 0.46% to 22,783.65.

The broader market surpassed the frontline indices. The BSE 150 MidCap Index tumbled 2.09% and the BSE 250 SmallCap Index tanked 2.54%.

The market breadth was soft. On the BSE, 1006 shares gained and 3919 shares retreated. A total of 212 shares were unchanged.

Nifty Chemicals index declined 2.55%. The index has edged lower 4.75% in last one month and inched down 4.35% over last one year. Himadri Special, moving lower 8.35%, led the losers followed by Deepak Fertilis., edging lower 4.41% and Jubilant Ingrev., slipping 4.05%, respectively. All 21 index constituents are reporting losses today.

Nifty Auto index fell 2.23%. The index has lost 5.75% in last one month and moved lower by 5.86% over last one year. Sona BLW Precis., losing 4.32%, led the losers followed by Eicher Motors, easing 3.16% and Uno Minda, down 3.04%, respectively. All 15 index constituents are reporting losses today.

Nifty IT index rose 2.06% to 32166. The index has gained 9.31% in last one month and slipped 10.70% over last one year. Wipro, adding 3.54%, led the gainers followed by Infosys, up 2.41% and TCS, gaining 2.19%, respectively. Out of 10 index constituents, 9 are reporting gains today.

Asian markets posted modest losses on Wednesday. China’s Shanghai composite is trading lower by 0.66%, Hong Kong’s Hang Seng is lower by 0.83%. Japan’s Nikkei 225 is ahead by 0.85%.

In Europe, German DAX edged lower 0.21%, UK’s FTSE 100 eased 0.29% and French CAC drifted lower 0.38%.

In Commodities, MCX Crude oil climbed 1.65% to trade at Rs 9,289 per barrel.