Mumbai, Jan. 5 -- The key equity indices traded between small gains and losses in the mid-morning trade as investors weighed robust corporate updates against rising geopolitical risks. Early optimism over improving quarterly earnings was tempered by caution surrounding the implications of U.S. military action in Venezuela.

The Nifty traded below 26,300 level. Realty shares extended gains for the three consecutive trading sessions.

At 11:30 ST, the barometer index, the S&P BSE Sensex, declined 49.34 points or 0.06% to 85,712.67. The Nifty 50 index shed 2.65 points or 0.01% to 26,325.90.

In the broader market, the S&P BSE Mid-Cap index rose 0.06% and the S&P BSE Small-Cap index added 0.01%.

The market breadth was negative. On the BSE, 1...