Mumbai, March 3 -- The headline equity benchmarks reversed all gains and traded with minor losses in the morning trade, supported by the latest GDP growth numbers. However, as the day progressed, the indices struggled to maintain momentum and slipped into the red. The Nifty tanked below the 23,100 level. Media shares extended losses for the three consecutive trading sessions.

At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 213.54 points or 0.28% to 72,004.04. The Nifty 50 index shed 41.60 points or 0.19% to 22,083.10.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.96% and the S&P BSE Small-Cap index declined 1.86%.

The market breadth was weak. On the BSE, 893 shares rose and 2,5...