Mumbai, Jan. 27 -- The key equity benchmarks witnessed a volatile session in mid-morning trade, with the Sensex trading slightly lower while the Nifty inched up. The movement came after India and the European Union clinched a landmark free trade agreement (FTA) following 18 years of stalled negotiations. Investors awaited key quarterly earnings from Asian Paints, Vodafone Idea, and Motilal Oswal Financial Services, even as traders kept an eye on the rupee and global geopolitical developments. The Nifty traded marginally above the 25,050 mark.

Media stocks plunged for second consecutive trading session.

At 11:25 ST, the barometer index, the S&P BSE Sensex declined 94.79 points or 0.12% to 81,442.91. The Nifty 50 index rose 0.35 points or...