Mumbai, April 16 -- The key equity indices reversed all gains and traded with minor losses in the afternoon trade, weighed down by weak global cues amid escalating US-China trade tensions. PSU bank, private bank, and media shares advanced, while metal, auto, and IT shares declined. The Nifty traded below the 23,300 level.

At 13:30 IST, the barometer index, the S&P BSE Sensex, declined 125.20 points or 0.15% to 76,617.49. The Nifty 50 index shed 32.40 points or 0.14% to 23,296.35.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 0.08% and the S&P BSE Small-Cap index rallied 0.61%.

The market breadth was strong. On the BSE, 2,536 shares rose and 1,246 shares fell. A total of 176 shares were uncha...