Mumbai, March 6 -- The frontline indices traded with limited losses in a narrow range in mid-morning trade. The Nifty hovered below the 22,300 level. Oil & gas shares slipped after gaining for the past fourth consecutive trading sessions.

At 11:27 IST, the barometer index, the S&P BSE Sensex, was down 166.91 points or 0.23% to 73,510.22. The Nifty 50 index declined 77.75 points or 0.35% to 22,289.65.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.74% and the S&P BSE Small-Cap index fell 2.51%.

The market breadth was weak. On the BSE, 623 shares rose and 3,089 shares fell. A total of 100 shares were unchanged.

IPO Update:

The initial public offer (IPO) of Gopal Snacks received 15,55,591 ...