Mumbai, July 2 -- The key equity benchmark traded with moderate losses in afternoon trade, as mixed global sentiment weighed on investor confidence. Investors remained cautious, adopting risk-off approach. The Nifty traded below the 25,500 level.

Realty, PSU Bank and oil & gas shares declined while metal, consumer durables and auto shares advanced.

At 13:27 IST, the barometer index, the S&P BSE Sensex declined 378.04 points or 0.45% to 83,319.25. The Nifty 50 index lost 126.15 points or 0.49% to 25,415.70.

In the broader market, the S&P BSE Mid-Cap index declined 0.58% and the S&P BSE Small-Cap index fell 0.44%.

The market breadth was negative. On the BSE, 1,623 shares rose and 2,284 shares fell. A total of 170 shares were unchanged....