Mumbai, April 7 -- The frontline indices traded with substantial losses in the mid-morning trade, mirroring a global market rout driven by escalating trade tensions and mounting recession fears in the United States. The Nifty dropped below the 22,000 level.
Media shares extended losses for the second consecutive trading session.
At 11:30 IST, the barometer index, the S&P BSE Sensex, slumped 2,838.59 points or 3.77% to 72,526.10. The Nifty 50 index tanked 908.40 points or 3.97% to 21,996.05
In the broader market, the S&P BSE Mid-Cap index dropped 3.94% and the S&P BSE Small-Cap index tumbled 5.38%.
The market breadth was weak. On the BSE, 334 shares rose and 3,515 shares fell. A total of 152 shares were unchanged.
The NSE's India VIX,...
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