Mumbai, Aug. 7 -- The key equity benchmarks traded with modest cuts in the morning trade. The Nifty traded below the 24,450 mark. Metal shares extended losses for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, dropped 339.86 points or 0.42% to 80,204.13. The Nifty 50 index declined 137.90 points or 0.56% to 24,436.30.

In the broader market, the S&P BSE Mid-Cap index fell 0.45% and the S&P BSE Small-Cap index shed 0.46%.

The market breadth was weak. On the BSE, 1,346 shares rose and 2,031 shares fell. A total of 134 shares were unchanged.

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