The key equity barometers traded with limited losses in morning trades. Nifty moved in a range of 23593-23312. Nifty IT and Nifty FMCG shares gained, while Nifty Chemicals and Nifty Realty shares retreated.

NIFTY slipped by 0.31% in last session and tumbled 4.39% over last one-week.

At 12:15 IST, the barometer index, the S&P BSE Sensex, lost 122.49 points or 0.16% to 74,659.27. The Nifty 50 index posted modest losses of 59.70 points or 0.26% to 23,338.40.

The broader market performed better than frontline indices. The BSE 150 MidCap Index declined 1.04% and the BSE 250 SmallCap Index fell 1.21%.

The market breadth was unfavorable. On the BSE, 1604 shares rose and 3355 shares retreated. A total of 257 shares were unchanged.

Nifty IT index surged 3.61% to 29964. The index has declined 9.12% in last one month and slumped 19.67% over last one year. HCL Technologies, strengthening 5.81%, led the gainers followed by TCS, gaining 4.90% and Mphasis, inching higher 4.57%, respectively. Out of 10 index constituents, 9 are reporting gains today.

Nifty FMCG index moved higher by 0.67% to 45357. The index has lost 7.65% in last one month and tumbled 20.90% over last one year. Emami, edging up 4.42%, led the gainers followed by Dabur India, adding 3.05% and Colgate-Palmoliv, up 1.69%, respectively. Out of 15 index constituents, 10 are reporting gains today.

Nifty Chemicals index slipped 2.51%. The index has inched lower by 2.33% in last one month and posted modest gains of 2.05% over last one year. Solar Industries, slumping 11.98%, led the losers followed by Navin Fluo.Intl., edging lower 3.17% and Sumitomo Chemi., down 3.14%, respectively. Out of 20 index constituents, 18 are reporting loss today.

Asian markets slipped on Tuesday. China’s Shanghai composite is lower by 0.55%, Hong Kong’s Hang Seng is trading lower by 0.95%. Japan’s Nikkei 225 is slightly lower by 0.01%.

In Europe, German DAX drifted lower 0.38%, UK’s FTSE 100 moved up 0.44% and French CAC edged lower 0.76%.

In Commodities, MCX Crude oil climbed 1.44% to trade at Rs 9,738 per barrel.