Mumbai, Feb. 24 -- The key equity indices traded with significant losses in morning trade as investors remained cautious amid negative global sentiment and FII selling. The Nifty traded below the 22,600 level. IT shares declined for fourth consecutive trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex, declined 790.87 points or 1.05% to 74,522.80. The Nifty 50 index shed 240.80 points or 1.06% to 22,555.10.

In the broader market, the S&P BSE Mid-Cap index rose 1.13% and the S&P BSE Small-Cap index added 1.26%.

The market breadth was weak. On the BSE, 922 shares rose and 2,618 shares fell. A total of 168 shares were unchanged.

Buzzing Index:

The Nifty IT index declined 2.43% to 39,560.65. The index tumbled 4.59% in...