Mumbai, Feb. 24 -- The key equity benchmarks traded in rangebound with substantial losses in mid-morning trade as investors remained cautious amid negative global sentiment and FII selling. The Nifty traded below the 22,600 level. Bank shares declined for third consecutive trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex, declined 739.65 points or 0.98% to 74,566.92. The Nifty 50 index dropped 216.10 points or 0.95% to 22,579.80.

In the broader market, the S&P BSE Mid-Cap index shed 0.92% and the S&P BSE Small-Cap index slipped 0.90%.

The market breadth was weak. On the BSE, 1,106 shares rose and 2,644 shares fell. A total of 168 shares were unchanged.

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