Mumbai, Aug. 12 -- The domestic equity benchmarks erased all gains and traded with minor losses in the afternoon trade. The Nifty traded below the 24,600 level. Market participants awaited the release of consumer price inflation (CPI) data, scheduled for later today.

Financial services, realty and private bank shares declined, while media, pharma and IT shares advanced.

At 14:30 IST, the barometer index, the S&P BSE Sensex shed 54.35 points or 0.07% to 80,549.73. The Nifty 50 index lost 17.95 points or 0.07% to 24,567.10.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.08% and the S&P BSE Small-Cap index added 0.30%.

The market breadth was strong. On the BSE, 2,558 shares rose and 1,662 shares f...