Mumbai, Aug. 8 -- The key equity indices continued to trade with significant cuts in the early afternoon trade, witnessing selling pressure as investors remained cautious amid concerns over the impact of Trump's tariff decision. Market sentiment turned risk-averse, with participants adopting a risk-off approach. Going forward, investors will closely monitor crude oil prices, FII activity and development on the tariff front. The Nifty hovered below the 24,450 mark.

Pharma shares declined after advancing in the past trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex dropped 575.35 points or 0.71% to 80,044.96. The Nifty 50 index declined 172.45 points or 0.70% to 24,424.10.

In the broader market, the S&P BSE Mid-Cap i...