Mumbai, Aug. 5 -- The domestic equity indices continued to trade with moderate cuts in the early afternoon trade. as investor sentiment weakened following fresh tariff threats from U.S. President Donald Trump over India's continued imports of Russian oil. However, market participants will monitor ongoing earnings season. The Nifty traded below the 24,700 level.

Pharma shares declined after advancing in thepast trading session.

At 12:25 IST, the barometer index, the S&P BSE Sensex, dropped 237.66 points or 0.29% to 80,777.41. The Nifty 50 index declined 57.45 points or 0.28% to 24,655.20.

In the broader market, the S&P BSE Mid-Cap index fell 0.11% and the S&P BSE Small-Cap index shed 0.15%.

The market breadth was negative. On the BSE, ...