Mumbai, April 17 -- The key equity indices reversed all gains and traded with small cuts in the morning trade. The Nifty traded a tad below the 23,400 level. IT shares extended gains for the third consecutive trading session.

At 10:28 IST, the barometer index, the S&P BSE Sensex, declined 77.50 points or 0.10% to 76,966.79. The Nifty 50 index fell 39.45 points or 0.17% to 23,396.95.

In the broader market, the S&P BSE Mid-Cap index shed 0.07% and the S&P BSE Small-Cap index rose 0.12%.

The market breadth was negative. On the BSE, 1,876 shares rose and 1,550 shares fell. A total of 195 shares were unchanged.

Buzzing Index:

The Nifty IT index declined 2.39% to 32,499.05. The index shed 0.06% in the past three consecutive trading session...