Mumbai, Aug. 12 -- The key equity indices pared all early gains and traded with minor losses in mid-morning trade. The Nifty dropped below the 24,600 level after touching day's high of 24,702.60 in morning trade.

IT shares jumped for the second consecutive trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex declined 64.39 points or 0.08% to 80,543.07. The Nifty 50 index fell 18.90 points or 0.11% to 24,558.30.

In the broader market, the S&P BSE Mid-Cap index shed 0.02% and the S&P BSE Small-Cap index fell 0.17%.

The market breadth was negative. On the BSE 2,160 shares rose and 1,618 shares fell. A total of 168 shares were unchanged.

IPO Update:

The initial public offer (IPO) of Bluestone Jewellery and Lifestyle re...