Mumbai, Jan. 8 -- The key equity benchmarks traded with moderate losses in the in the morning trade as concerns over U.S. tariffs and continued foreign fund outflows overshadowed pockets of optimism around earnings growth.

The Nifty traded near the 26,050 mark, while oil & gas shares extended losses for a fourth consecutive session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, declined 277.54 points or 0.33% to 84,683.60. The Nifty 50 index fell 90.25 points or 0.35% to 26,050.50.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.65% and the S&P BSE Small-Cap index shed 0.37%.

The market breadth was negative. On the BSE, 1,478 shares rose and 2,114 shares fell. A total of 194 shares wer...