The key equity barometers traded with limited losses in morning trades. Nifty moved in a range of 22692-22498. Nifty Pharma, Nifty Healthcare Index and Nifty Consumer Durables shares gained, while Nifty IT and Nifty FMCG shares fell.

NIFTY slipped by 0.02% in last session and moved lower by 0.13% over last one-week.

At 12:15 IST, the barometer index, the S&P BSE Sensex, lost 489.77 points or 0.67% to 73,108.90. The Nifty 50 index posted modest losses of 94.05 points or 0.41% to 22,655.70.

The broader market surpassed the frontline indices. The BSE 150 MidCap Index edged higher by 0.37% and the BSE 250 SmallCap Index posted modest gains of 0.21%.

The market breadth was unfavorable. On the BSE, 2265 shares rose and 2483 shares retreated. A total of 246 shares were unchanged.

Nifty Pharma index rallied 1.01% to 26533. The index has eased by 1.85% in last one month and jumped 17.74% over last one year. Piramal Pharma, jumping 16.38%, led the gainers followed by Biocon, adding 3.30% and Abbott India, gaining 2.44%, respectively. Out of 20 index constituents, 16 are reporting gains today.

Nifty Healthcare Index index posted modest gains of 0.99% to 16075. The index has inched lower by 3.75% in last one month and inched up 7.10% over last one year. Biocon, edging up 3.30%, led the gainers followed by Apollo Hospitals, up 3.05% and Abbott India, inching higher 2.44%, respectively. Out of 20 index constituents, 16 are reporting gains today.

Nifty IT index slipped 2.52%. The index has surged 14.61% in last one month and retreated 10.90% over last one year. Infosys, easing 3.95%, led the losers followed by Mphasis, slipping 3.32% and TCS, losing 2.47%, respectively. All 10 index constituents are reporting losses today.

Asian markets soared on Wednesday. China’s Shanghai composite is ahead by 0.75%, Hong Kong’s Hang Seng remained flat. Japan’s Nikkei 225 is higher by 1.08%.

In Europe, German DAX drifted lower 0.40%, UK’s FTSE 100 eased 0.75% and French CAC edged up 0.51%.

In Commodities, MCX Crude oil advanced 1.84% to trade at Rs 9,505 per barrel.