Mumbai, Feb. 23 -- The equity barometers trade near the flat line with tiny gains in afternoon trade. The Nifty traded above the 22,200 level. Media, realty and pharma shares advanced while PSU bank, oil & gas and bank shares declined.

At 13:30 IST, the barometer index, the S&P BSE Sensex, was up 26.42 points or 0.04% to 73,184.66. The Nifty 50 index added 15.95 points or 0.07% to 22,233.40.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.47% and the S&P BSE Small-Cap added 0.57%.

The market breadth was positive. On the BSE, 2,160 shares rose and 1,615 shares fell. A total of 104 shares were unchanged.

Economy:

The Reserve Bank of India's (RBI) monetary policy committee (MPC) expressed caution ...