Mumbai, Feb. 28 -- The key equity benchmarks traded with substantial losses in morning trade due to ongoing FII selling and concerns over the tariffs situation. The Nifty dropped below 22,300 level. IT shares declined for the seventh consecutive trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex, declined 829.69 points or 1.11% to 73,777. The Nifty 50 index dropped 260.65 points or 1.16% to 22,284.40.

The broader market underperformed frontline indices. The S&P BSE Mid-Cap index declined 1.86% and the S&P BSE Small-Cap index fell 1.96%.

The market breadth was weak. On the BSE, 617 shares rose and 2,947 shares fell. A total of 137 shares were unchanged.

SEBI Leadership Change:

Tuhin Kanta Pandey has been appointed ...