Mumbai, April 25 -- Key equity indices traded with substantial losses in mid-morning trade, as investor sentiment remained cautious following the Pahalgam terror attack. The incident cast a shadow over the markets, with escalating tensions between India and Pakistan triggering a risk-off mood. Additionally, investors are awaiting more Q4 earnings reports from the companies, the upcoming Fed meeting, and key global developments. The Nifty slipped below the 23,900 level.

PSU Bank shares witnessed selling pressure for third consecutive trading session.

At 11:25 IST, the barometer index, the S&P BSE Sensex tumbled 1047.80 points or 1.31% to 78,748.41. The Nifty 50 index dropped 355.75 points or 1.47% to 23,890.95.

The broader market underp...