Mumbai, July 7 -- The key equity benchmarks traded with minor cuts in the morning trade. The Nifty traded below the 25,450 mark. Media shares declined after advancing in the previous two trading sessions.

At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 74.17 points or 0.09% to 83,358.72. The Nifty 50 index lost 22.45 points or 0.09% to 25,438.55.

In the broader market, the S&P BSE Mid-Cap index rose 0.01% and the S&P BSE Small-Cap index shed 0.14%.

The market breadth was negative. On the BSE, 1,803 shares rose and 1,816 shares fell. A total of 225 shares were unchanged.

Economy:

India's foreign exchange reserves rose by $4.84 billion to $702.78 billion in the week ended June 27, the Reserve Bank of India (RBI) said on...