Mumbai, May 7 -- The key domestic indices traded with small cuts in afternoon trade as investors remained cautious to the news of Operation Sindoor, a targeted strike by Indian forces on terror sites in response to the recent Pahalgam attack. The operation was described as focused and restrained, avoiding Pakistani military targets. The Nifty slipped below the 24,400 level. Market sentiment remains volatile due to rising Indo-Pak tensions.

Auto, metal and consumer durables stocks advanced while FMCG, pharma and IT shares declined.

At 13:25 IST, the barometer index, the S&P BSE Sensex, declined 85.26 points or 0.11% to 80,555.81. The Nifty 50 index fell 14.40 points or 0.07% to 24,362.90.

The broader market outperformed the frontline in...