Mumbai, Dec. 15 -- The key equity benchmarks traded with moderate losses in the morning trade, retreating after a two-day rally as continued foreign investor selling and lingering uncertainty over a potential U.S. trade deal dampened investor risk appetite.

The Nifty traded below the 26,000 level. Auto shares witnessed profit booking after advancing in the past two consecutive trading sessions.

At 10:30 ST, the barometer index, the S&P BSE Sensex, fell 192.64 points or 0.22% to 85,080.12. The Nifty 50 index lost 67.50 points or 0.26% to 25,978.60.

In the broader market, the S&P BSE Mid-Cap index shed 0.29% and the S&P BSE Small-Cap index added 0.15%.

The market breadth was positive. On the BSE, 1,910 shares rose and 1,811 shares fell....