Mumbai, Feb. 3 -- The key equity benchmarks traded with decent losses in mid-afternoon trade, following weak cues from Asian markets. This decline was driven by heightened concerns over a potential broader trade war, particularly after US President Donald Trump imposed tariffs on Canada, Mexico, and China. The Nifty traded below the 23,350 mark. FMCG shares declined after advancing for the previous three consecutive trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 301.34 points or 0.39% to 77,208.88. The Nifty 50 index lost 117.90 points or 0.52% to 23,360.80.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.29% and the S&P BSE Small-Cap index fell 1.92%.

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