The key equity barometers traded with marginal losses in early trade. Nifty opened at 23065 and hit a high of 23077 in first half hour of trade. Nifty IT, Nifty Media and Nifty PSU Bank shares advanced, while Nifty FMCG and Nifty Realty shares retreated.

At 09:30 IST, the barometer index, the S&P BSE Sensex, down 232.59 points to 74,083.02. The Nifty 50 index moved lower by 9.70 points or 0.04% to 22,987.65.

The broader market surpassed the frontline indices. The BSE 150 MidCap Index posted modest losses of 0.44% and the BSE 250 SmallCap Index inched down 0.02%.

The market breadth was well-supported. On the BSE, 1957 shares gained and 1733 shares declined. A total of 220 shares were unchanged.

Nifty IT index advanced 1.66% to 31229. The index has posted modest gains of 3.94% in last one month and shed 13.23% over last one year. Tech Mahindra, gaining 4.42%, led the gainers followed by Wipro, edging up 3.05% and Infosys, adding 2.84%, respectively. Out of 10 index constituents, 6 are reporting gains today.

Nifty Media index moved higher by 0.73% to 1629. The index has added 7.53% in last one month and posted modest gains of 5.06% over last one year. Prime Focus, inching higher 3.17%, led the gainers followed by Tips Music, up 2.13% and Sun TV Network, up 1.78%, respectively. Out of 10 index constituents, 7 are reporting gains today.

Nifty FMCG index moved lower by 0.77%. The index has drifted lower by 0.09% in last one month and slumped 18.19% over last one year. Godrej Consumer, losing 2.05%, led the losers followed by Britannia Inds., easing 1.68% and Tata Consumer, edging lower 1.42%, respectively. Out of 15 index constituents, 10 are reporting loss today.

In NIFTY500, Welspun Corp is the top gainer today, rising 4.99% to Rs 2607.70. The counter has surged 201.41% in last one year. It recorded an average volume quantity of 89026.17 in last five sessions compared to 116187.95 over last one month.

Asian markets posted sharp gains on Friday. China’s Shanghai composite is ahead by 0.95%, Hong Kong’s Hang Seng is trading higher by 1.02%. Japan’s Nikkei 225 is substantially higher by 1.84%.