Mumbai, May 29 -- The headline equity indices traded near the flatline with minor losses in early afternoon trade, despite positive global cues after a U.S. federal court blocked former President Trump's proposed Liberation Day tariffs.

The Nifty traded below the 24,750 mark. FMCG shares extended losses for the third consecutive trading session. The market is volatile due to the monthly expiry of the Nifty F&O series today.

At 12:30 ST, the barometer index, the S&P BSE Sensex, shed 4.42 points or 0.01% to 81,308.10. The Nifty 50 index fell 8.95 points or 0.03% to 24,743.50.

The broader market outperformed the frontline indices, The S&P BSE Mid-Cap index rose 0.26% and the S&P BSE Small-Cap index added 0.37%.

The market breadth was pos...