Mumbai, Feb. 28 -- The key equity benchmarks traded with major losses in early trade due to ongoing FII selling and concerns over the tariffs situation. The Nifty dropped below 22,350 mark. All the sectoral indices on the NSE were traded in red with IT, auto and metals shares declining the most.

At 09:25 IST, the barometer index, the S&P BSE Sensex, declined 751.63 points or 1% to 73,865. The Nifty 50 index dropped 224.55 points or 1% to 22,320.50.

In the broader market, the S&P BSE Mid-Cap index declined 1.13% and the S&P BSE Small-Cap index fell 0.96%.

The market breadth was weak. On the BSE, 606 shares rose and 2,253 shares fell. A total of 183 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 556.56 cr...