Mumbai, Aug. 6 -- The key equity indices witnessed modest losses in afternoon trade. The Nifty traded a tad below the 24,600 level. PSU bank shares advanced after declining in the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, shed 82.85 points or 0.10% to 80,627.40. The Nifty 50 index fell 53.75 points or 0.22% to 24,595.80.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.92% and the S&P BSE Small-Cap index fell 1.06%.

The market breadth was weak. On the BSE, 1,302 shares rose and 2,673 shares fell. A total of 157 shares were unchanged.

RBI Monetary Policy Meeting Outcome:

Banking stocks edged lower after the Reserve Bank of India's Monetary Policy Commi...