Mumbai, May 2 -- The domestic equity benchmarks traded sideways in the mid- afternoon trade. The Nifty traded below the 24,350 mark. IT shares advanced after declining for the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, added 201.02 points or 0.25% to 80,437.10. The Nifty 50 index shed 14.45 points or 0.06% to 24,321.10.

In the broader market, the S&P BSE Mid-Cap index shed 0.36% and the S&P BSE Small-Cap index fell 0.03%.

The market breadth was negative. On the BSE, 1,824 shares rose and 2,013 shares fell. A total of 165 shares were unchanged.

Economy:

India's Goods and Services Tax (GST) collection spiked 12.6% Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April. The GST collection w...