Mumbai, June 23 -- The frontline indices traded with modest cuts in the afternoon trade as escalating geopolitical tensions between the US and Iran, coupled with a rise in crude oil prices and concerns over potential economic fallout, triggered broad-based risk aversion among investors. The Nifty traded below the 25,050 mark. IT, auto and FMCG shares declined, while media, metal and consumer durables stocks advanced.

At 13:30 IST, the barometer index, the S&P BSE Sensex, tanked 344.25 points or 0.42% to 82,063.92. The Nifty 50 index slipped 84.90 points or 0.34% to 25,026.60.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.28% and the S&P BSE Small-Cap index added 0.40%.

The market breadth was ne...