Mumbai, Oct. 28 -- The domestic equity benchmarks traded with modest losses in the mid-morning trade, tracking weak cues from Asian markets. The Nifty traded below the 25,900 level. IT shares declined after advancing in the past trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 385.65 points or 0.45% to 84,393.19. The Nifty 50 index fell 102.50 points or 0.39% to 25,866.35.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.01% and the S&P BSE Small-Cap index rose 0.11%.

The market breadth was negative. On the BSE, 1,886 shares rose and 2,072 shares fell. A total of 211 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of v...