Mumbai, Aug. 5 -- The key equity indices witnessed moderate losses in afternoon trade. The Nifty traded below the 24,650 mark. Oil & gas shares declined after advancing in the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, dropped 417.89 points or 0.52% to 80,600.83. The Nifty 50 index declined 106.95 points or 0.43% to 24,611.80.

In the broader market, the S&P BSE Mid-Cap index fell 0.45% and the S&P BSE Small-Cap index shed 0.40%.

The market breadth was negative. On the BSE, 1,606 shares rose and 2,349 shares fell. A total of 154 shares were unchanged.

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