Mumbai, July 17 -- The key equity benchmarks pared early gains and traded with minor losses in morning trade. Investors are monitoring the tariff development, and ongoing corporate earnings. Nifty traded below the 25,200 level. Trading could be volatile due to expiry of weekly index options on the NSE.

IT shares declined after advancing in the past two trading sessions.

At 10:25 IST, the barometer index, the S&P BSE Sensex declined 180.94 points or 0.22% to 82,453.54. The Nifty 50 index fell 49 points or 0.20% to 25,163.30.

In the broader market, the S&P BSE Mid-Cap index rose 0.19% and the S&P BSE Small-Cap index added 0.48%.

The market breadth was strong. On the BSE, 2,147 shares rose and 1,409 shares fell. A total of 224 shares wer...