Mumbai, Feb. 3 -- The key equity indices traded with major losses in the mid-morning trade, following weak cues from Asian markets. This decline was driven by heightened concerns over a potential broader trade war, particularly after US President Donald Trump imposed tariffs on Canada, Mexico, and China. The Nifty traded below the 23,300 level. Metal shares extended losses for the two consecutive trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, tumbled 540.61 points or 0.70% to 76,966.06. The Nifty 50 index declined 192.20 points or 0.86% to 23,285.95.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.01% and the S&P BSE Small-Cap index lost 1.52%.

The market breadth w...