Mumbai, Aug. 1 -- Domestic equity benchmarks traded sideways on Friday, weighed down by global trade concerns after the United States imposed steep tariffs on several key trade partners and reaffirmed a 25% import duty on Indian goods.

The Nifty traded below the 24,800 level. Pharma shares extended losses for the second consecutive trading session

At 10:40 IST, the barometer index, the S&P BSE Sensex advanced 89.11 points or 0.10% to 81,281.38. The Nifty 50 index lost 4.65 points or 0.02% to 24,761.85.

In the broader market, the S&P BSE Mid-Cap index slipped 0.27% and the S&P BSE Small-Cap index fell 0.08%.

The market breadth was weak. On the BSE 1,924 shares rose and 1,696 shares fell. A total of 212 shares were unchanged.

New Listi...