Mumbai, Dec. 3 -- The key equity benchmarks traded with moderate losses in morning trade as the rupee weakened against US dollar. Investors' focus now shifts to fresh IPO activity, upcoming PMI data and the RBI's monetary policy meeting scheduled later this week. The Nifty traded below the 25,950 mark.

PSU Bank shares witnessed selling pressure for second consecutive trading session.

At 10:25 IST, the barometer index, the S&P BSE Sensex, declined 258.84 points or 0.30% to 84,879.43. The Nifty 50 index fell 100.75 points or 0.39% to 25,931.45.

In the broader market, the S&P BSE Mid-Cap index shed 0.91% and the S&P BSE Small-Cap index fell 0.59%.

The market breadth was weak. On the BSE, 1,260 shares rose and 2,306 shares fell. A total o...