Mumbai, June 2 -- The frontline indices traded with moderate losses in early afternoon trade, pressured by weak global cues. The Nifty traded below the 24,700 level. PSU bank shares extended gains for the second consecutive session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 268.87 points or 0.33% to 81,182.14. The Nifty 50 index fell 65.70 points or 0.27% to 24,683.40.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.31% and the S&P BSE Small-Cap index added 0.44%.

The market breadth was positive. On the BSE, 2,027 shares rose and 1,928 shares fell. A total of 191 shares were unchanged.

Economy:

India's GDP growth touched a four-quarter high of 7.4% in Q4 FY25, with full-ye...