Mumbai, Aug. 8 -- The key equity indices witnessed moderate losses in afternoon trade as investors remained cautious amid concerns over the impact of Trump's tariff decision. Market sentiment turned risk-averse, with participants adopting a risk-off approach. Going forward, investors will closely monitor crude oil prices, FII activity and development on the tariff front.

The Nifty traded below the 24,450 mark. Auto shares declined after advancing in the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, dropped 595.48 points or 0.74% to 80,027.78. The Nifty 50 index declined 186.30 points or 0.76% to 24,409.55.

In the broader market, the S&P BSE Mid-Cap index declined 1.15% and the S&P BSE Small-Cap index ...