Mumbai, May 6 -- The headline equity indices traded with modest cuts in mid-afternoon trade as investors remained cautious amid geopolitical tensions between India and Pakistan after the Pahalgam terror attack. Market participants are also awaiting the outcome of the upcoming US Fed meeting. Nifty slipped below the 24,400 level.

Consumer durables shares declined after advancing in the past trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 201.15 points or 0.25% to 80,595.69. The Nifty 50 index lost 83.40 points or 0.34% to 24,377.75.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.90% and the S&P BSE Small-Cap index declined 2.02%.

The market breadth was weak. On...