Mumbai, June 3 -- The key equity indices traded with major losses in mid-afternoon trade as concerns over global trade tensions weighed on investor sentiment. Tensions flared after the U.S hiked tarrifs on steel and aluminum, stoking fears for India exporters and global trade. Market participants are expected to closely monitor domestic economic indicators and global trade developments. The Nifty traded below the 24,600 level.

Consumer durables shares witnessed selling pressure for three consecutive trading sessions.

At 13:25 IST, the barometer index, the S&P BSE Sensex, declined 533.68 points or 0.67% to 80,830.54. The Nifty 50 index dropped 147.50 points or 0.60% to 24,569.10.

In the broader market, the S&P BSE Mid-Cap index fell 0.4...