Mumbai, Feb. 1 -- The key equity benchmarks reversed trend and traded with moderate losses amid the ongoing Union Budget announcements by the Finance Minister. The Nifty climbed above the 23,600 mark.

At 12:10 IST, the barometer index, the S&P BSE Sensex, slipped 317.42 points or 0.41% to 77,183.15. The Nifty 50 index lost 91.25 points or 0.39% to 23,417.15.

In the broader market, the S&P BSE Mid-Cap index declined 0.49% and the S&P BSE Small-Cap index shed 0.20%.

The market breadth was positive. On the BSE, 1,873 shares rose and 1,808 shares fell. A total of 167 shares were unchanged.

The budget session will take place in two phases: the first part runs until February 13, while the second session will be held from 10 March 2025 to 04...