Mumbai, Dec. 29 -- The headline equity benchmarks traded with moderate cuts in mid-afternoon trade amid persistent FII selling and a weakening rupee. The Nifty traded below the 26,950 mark. Consumer durables shares declined after jumping in the past trading session.

At 14:25 IST, the barometer index, the S&P BSE Sensex, dropped 288.93 points or 0.34% to 84,764.04. The Nifty 50 index lost 93.40 points or 0.36% to 25,948.90.

In the broader market, the S&P BSE Mid-Cap index fell 0.36% and the S&P BSE Small-Cap index shed 0.51%.

The market breadth was negative. On the BSE, 1,515 shares rose and 2,751 shares fell. A total of 202 shares were unchanged.

Buzzing Index:

The Nifty Consumer Durables index shed 0.65% to 36,583.30. The index rose...