Nifty slides below 22,200; media shares in demand
Mumbai, April 16 -- The domestic equity barometers traded continued to trade with modest losses in mid-morning trade. The Nifty slipped below the 22,200 level. Media shares advanced after declining in previous two trading sessions.
At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 343.78 points or 0.47% to 73,056.00. The Nifty 50 index declined 83.80 points or 0.38% to 22,188.70.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.46% while the S&P BSE Small-Cap index gained 1%.
The market breadth was strong. On the BSE, 2,386 shares rose and 1,198 shares fell. A total of 145 shares were unchanged.
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India is gearing up for its election in 2024. The BJP is looking to consolida...
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