Mumbai, April 9 -- The domestic equity benchmarks traded with moderate losses in early afternoon trade due to rising trade tensions, even though the Reserve Bank of India cut interest rates and moved to an accommodative stance. The Nifty traded below the 22,450 mark. PSU Bank shares declined after advancing in the previous trading session. Trading is volatile due to the weekly Nifty50 F&O series expiry today.

At 12:30 IST, the barometer index, the S&P BSE Sensex, tumbled 359.90 points or 0.47% to 73,875.62. The Nifty 50 index declined 105.30 points or 0.47% to 22,424.15.

The broader market underperformed the frontline indices, the S&P BSE Mid-Cap index slipped 1.01% and the S&P BSE Small-Cap index declined 1.22%.

The market breadth was...