Mumbai, June 30 -- The key equity benchmark traded with modest losses in early afternoon trade. The Nifty traded below the 25,600 level. FMCG stocks declined for the second consecutive trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 231.76 points or 0.28% to 83,827.14. The Nifty 50 index lost 65.20 points or 0.25% to 25,573.10.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.50% and the S&P BSE Small-Cap index jumped 0.70%.

The market breadth was positive. On the BSE, 2,314 shares rose and 1,625 shares fell. A total of 201 shares were unchanged.

Economy:

India's forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20, the Rese...