Mumbai, May 13 -- The key equity indices traded with major losses in the morning trade. The Nifty traded a tad below the 24,650 level. PSU bank shares witnessed buying demand for the third consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 1,002.95 points or 1.22% to 81,426.95. The Nifty 50 index slipped 262.90 points or 1.08% to 24,648.50.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.27% and the S&P BSE Small-Cap index added 0.85%.

The market breadth was strong. On the BSE, 2,439 shares rose and 1,046 shares fell. A total of 200 shares were unchanged.

Buzzing Index:

The Nifty PSU Bank index jumped 1.81% to 6,588.35. The index fell 6.81% in the past ...