Mumbai, Aug. 8 -- The key equity benchmarks traded with moderate cuts in the morning trade. The Nifty traded below the 24,500 level. Realty shares extended losses for the fourth consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, dropped 401.64 points or 0.50% to 80,221.62. The Nifty 50 index fell 130.25 points or 0.53% to 24,464.85.

In the broader market, the S&P BSE Mid-Cap index fell 0.59% and the S&P BSE Small-Cap index shed 0.15%.

The market breadth was negative. On the BSE, 1,602 shares rose and 1,756 shares fell. A total of 136 shares were unchanged.

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