Mumbai, July 7 -- The key equity indices witnessed small cuts in afternoon trade as investors engaged in mild profit booking amid uncertainty over the India-US trade deal. Market participants are expected to closely track the upcoming earnings season, developments in the India-US trade agreement, and the evolving tariff situation. The Nifty traded below the 25,450 mark. IT shares declined after advancing in the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 90.54 points or 0.11% to 83,342.35. The Nifty 50 index shed 29.95 points or 0.12% to 25,431.05.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.23% and the S&P BSE Small-Cap index fell 0.45%.

The ma...