Mumbai, Oct. 24 -- Domestic equity benchmarks reversed early gains and slipped into moderate losses in morning trade after the government refrained from confirming reports of a potential US-India trade deal, weighing on market sentiment.

The Nifty traded below the 25,850 mark. Metal shares extended gains for the third consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, lost 205.35 points or 0.24% to 84,356.36. The Nifty 50 index lost 69.10 points or 0.26% to 25,823.10.

In the broader market, the S&P BSE Mid-Cap index rose 0.14% and the S&P BSE Small-Cap index shed 0.08%.

The market breadth was negative. On the BSE, 1,684 shares rose and 1,946 shares fell. A total of 220 shares were unchanged.

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