Mumbai, June 2 -- The frontline indices trimmed some losses and traded with small losses in afternoon trade, as pressure on the indices eased despite weak global cues. Investors will closely monitor key events such as the RBI MPC meeting and global trade developments. The Nifty traded above the 24,700 level.

IT, consumer durables and metal shares declined while realty, PSU Bank and FMCG stocks advanced.

At 13:28 IST, the barometer index, the S&P BSE Sensex, declined 132.40 points or 0.18% to 81,302.09. The Nifty 50 index fell 40.25 points or 0.16% to 24,711.05.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.49% and the S&P BSE Small-Cap index added 0.50%.

The market breadth was positive. On the...