Mumbai, April 16 -- The key equity indices reversed all gains and traded with minor losses in the morning trade. The Nifty traded below the 23,350 mark. PSU bank shares extended gains for the third consecutive trading session.

At 10:28 IST, the barometer index, the S&P BSE Sensex, declined 98.13 points or 0.13% to 76,636.76. The Nifty 50 index fell 21.50 points or 0.09% to 23,304.90.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 0.34% and the S&P BSE Small-Cap index rallied 0.39%.

The market breadth was strong. On the BSE, 2,262 shares rose and 1,224 shares fell. A total of 210 shares were unchanged.

Buzzing Index:

The Nifty PSU Bank index advanced 1.65% to 6,372.05. The index rallied 4.59%...