Mumbai, May 6 -- The domestic equity benchmarks traded with moderate losses in the morning trade. Nifty traded below the 24,400 level. PSU Bank shares extended losses for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 222.86 points or 0.27% to 80,575.98. The Nifty 50 index lost 69.65 points or 0.28% to 24,391.50.

In the broader market, the S&P BSE Mid-Cap index declined 0.84% and the S&P BSE Small-Cap index fell 0.88%.

The market breadth was weak. On the BSE, 1,056 shares rose and 2,344 shares fell. A total of 176 shares were unchanged.

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