Mumbai, July 11 -- The key equity benchmarks traded with modest cuts in the morning trade. The Nifty traded below the 25,250 mark. IT shares witnessed selling pressure for the third consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 461.09 points or 0.55% to 82,729.19. The Nifty 50 index lost 136.95 points or 0.54% to 25,218.70.

In the broader market, the S&P BSE Mid-Cap index fell 0.62% and the S&P BSE Small-Cap index shed 0.53%.

The market breadth was negative. On the BSE, 1,512 shares rose and 1,996 shares fell. A total of 205 shares were unchanged.

Earnings Today:

Avenue Supermart (down 0.40%) and Elecon Engineering (down 1.16%) will announce their quarterly earnings later today.

Buzzing...