Mumbai, July 2 -- The headline equity indices traded with moderate losses in mid-morning trade. The Nifty traded below the 25,500 level after hitting the day's high of 25,608.10 in early trade. PSU bank shares witnessed profit booking after advancing in the past six consecutive trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex declined 144.86 points or 0.17% to 83,552.43. The Nifty 50 index lost 48.60 points or 0.19% to 25,493.10.

In the broader market, the S&P BSE Mid-Cap index declined 0.16% and the S&P BSE Small-Cap index fell 0.30%.

The market breadth was negative. On the BSE 1,558 shares rose and 2,166 shares fell. A total of 189 shares were unchanged.

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