Mumbai, Feb. 6 -- The frontline indices traded with modest cuts in early afternoon trade as investors awaited the RBI's monetary policy decision later in the week amid ongoing trade war concerns. The Nifty traded below the 23,650 mark. Consumer duarables shares extended losses for the second consecutive trading session. Trading was volatile due to the weekly Nifty 50 F&O series expiry today.

At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 260.19 points or 0.33% to 78,004.52. The Nifty 50 index lost 83.65 points or 0.35% to 23,612.65.

In the broader market, the S&P BSE Mid-Cap index shed 0.61% and the S&P BSE Small-Cap index added 0.05%.

The market breadth was positive. On the BSE, 1,961 shares rose and 1,783 shares fell...