Mumbai, May 8 -- The domestic equity benchmarks traded near the flatline with marginal losses in morning trade, as Fed Chair Jerome Powell cautioned that persistent tariff hikes could slow growth and drive long-term inflation. Investor sentiment was also weighed down by rising Indo-Pak tensions. The Nifty traded below the 24,400 level. Market volatility was heightened due to the weekly expiry of the Nifty F&O series today.

FMCG shares witnessed selling pressure for the third consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, shed 4.32 points or 0.01% to 80,744.77. The Nifty 50 index lost 18.60 points or 0.08% to 24,396.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index ros...