Mumbai, May 22 -- The key domestic indices traded within a narrow range but remained in the negative territory in mid-morning trade. Market sentiment remained subdued amid weak global cues, with concerns that the U.S. budget bill could significantly increase the national debt, potentially threatening the country's status as a global safe haven and triggering risk-off mood among investors. Traders are expected to monitor global bond markets and fiscal developments closely in coming days. The Nifty hovered below the 24,600 level.

Auto shares slide after rising in the past trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex, fell 745.67 points or 0.91% to 80,850.93. The Nifty 50 index tumbled 218.20 points or 0.88% to 24...