Mumbai, Feb. 11 -- The headline equity benchmarks traded with modest losses in early trade. The Nifty traded below the 23,350 mark. Barring the FMCG and IT index, all the other sectoral indices on the NSE were traded in red.

At 09:30 IST, the barometer index, the S&P BSE Sensex, slipped 184.24 points or 0.24% to 77,127.56. The Nifty 50 index lost 70.20 points or 0.30% to 23,311.40.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.23%, and the S&P BSE Small-Cap index declined 1.84%.

The market breadth was weak. On the BSE, 762 shares rose and 2,153 shares fell. A total of 129 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,463.72 crore, while domestic institution...