Mumbai, May 27 -- The headline equity benchmarks traded with significant losses in the morning trade tracking weak global cues, as investor sentiment turned cautious ahead of key domestic economic data releases. The Nifty traded below the 24,800 level. Oil & Gas shares slipped after advancing for past two consecutive trading sessions.

At 10:30 ST, the barometer index, the S&P BSE Sensex, slipped 833.96 points or 1.01% to 81,342.49. The Nifty 50 index tanked 242.75 points or 0.97% to 24,759.45.

In the broader market, the S&P BSE Mid-Cap index shed 0.28% and the S&P BSE Small-Cap index fell 0.01%.

The market breadth was negative. On the BSE, 1,342 shares rose and 1,850 shares fell. A total of 149 shares were unchanged.

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