The key equity barometers traded with notable losses in morning trades. Nifty moved in a range of 22787-22407. Nifty Metal, Nifty Consumer Durables and Nifty Realty shares declined.

NIFTY slipped by 0.54% in last session and plunged 2.75% over last one-week.

At 12:15 IST, the barometer index, the S&P BSE Sensex, declined 630.74 points or 0.86% to 72,618.65. The Nifty 50 index fell 268 points or 1.18% to 22,419.65.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index tanked 2.70% and the BSE 250 SmallCap Index recorded sharp losses of 3.09%.

The market breadth was weak. On the BSE, 668 shares gained and 4282 shares retreated. A total of 201 shares were unchanged.

Nifty Metal index registered heavy losses of 3.51%. The index has lost 9.18% in last one month and jumped 15.20% over last one year. Vedanta Aluminium Metal, declining 5.90%, led the losers followed by Tata Steel, easing 4.40% and NMDC, slipping 4.33%, respectively. All 15 index constituents are reporting losses today.

Nifty Consumer Durables index slumped 3.39%. The index has declined 8.23% in last one month and retreated 10.73% over last one year. Havells India, falling 6.01%, led the losers followed by Kalyan Jewellers, down 4.19% and PG Electroplast, losing 4.09%, respectively. All 14 index constituents are reporting losses today.

Nifty Realty index recorded sharp losses of 3.34%. The index has retreated 6.74% in last one month and fell 14.45% over last one year. Lodha Developers, retreating 5.20%, led the losers followed by Anant Raj, edging lower 3.91% and Brigade Enterpr., losing 3.89%, respectively. All 10 index constituents are reporting losses today.

Asian markets rose on Friday. China’s Shanghai composite is ahead by 0.86%, Hong Kong’s Hang Seng is trading higher by 1.10%. Japan’s Nikkei 225 is down 0.34%.

In Europe, German DAX slipped 0.20%, UK’s FTSE 100 edged lower 0.26% and French CAC lost 1.39%.

In Commodities, MCX Gold posted modest losses of 0.62% to trade at Rs 1,43,320 per 10 grams. MCX Crude oil is up 1.19% to trade at Rs 9,482 per barrel. MCX Copper inched up 0.68% to trade at Rs 1,363.60 per kg.