Mumbai, July 17 -- The key equity benchmarks traded with modest losses in mid-afternoon trade. Investors are assessing the tariff development, and ongoing corporate earnings. Nifty traded below the 25,200 level.

Private bank shares declined after advancing in the past two trading sessions.

At 14:26 IST, the barometer index, the S&P BSE Sensex declined 259.41 points or 0.31% to 82,375.07. The Nifty 50 index fell 61.95 points or 0.24% to 25,150.45.

In the broader market, the S&P BSE Mid-Cap index rose 0.16% and the S&P BSE Small-Cap index added 0.25%.

The market breadth was negative. On the BSE, 1,980 shares rose and 1,995 shares fell. A total of 167 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index fell 0.55% to 27,9...