Mumbai, Feb. 3 -- The domestic equity benchmarks traded with modest losses in early trade, following the announcement by US President Donald Trump of tariffs on goods from Canada, Mexico, and China. This move raised concerns about potential retaliatory measures from these countries against US imports. The Nifty traded below the 23,350 mark. Barring the Consumer Durables index, all the other sectoral indices on the NSE were traded in red.

At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 438.80 points or 0.57% to 77,072.62. The Nifty 50 index lost 154.55 points or 0.66% to 23,327.60.

In the broader market, the S&P BSE Mid-Cap index shed 0.61% and the S&P BSE Small-Cap index lost 0.51%.

The market breadth was weak. On the B...