Mumbai, April 16 -- The key equity indices traded near the flat line with some negative points in mid-morning trade, weighed down by persistent global tariff concerns that continued to dampen investor sentiment. The Nifty hovered below the 23,350 mark. IT shares declined after advancing in the past two trading sessions.

At 11:28 IST, the barometer index, the S&P BSE Sensex, declined 39.69 points or 0.05% to 76,695.20. The Nifty 50 index fell 0.87 points or 0.01% to 23,326.85.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 0.46% and the S&P BSE Small-Cap index rallied 0.79%.

The market breadth was strong. On the BSE, 2,488 shares rose and 1,160 shares fell. A total of 192 shares were unchanged....