Mumbai, Oct. 13 -- The headline equity benchmarks traded with modest losses in morning trade as renewed global trade tensions rattled investor sentiment after U.S. President Donald Trump escalated his trade dispute with Beijing following China's move to tighten restrictions on rare earth exports.

The Nifty traded below the 25,250 mark. IT shares extended losses for the two trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, tanked 245.47 points or 0.30% to 82,262.09. The Nifty 50 index shed 71.45 points or 0.28% to 25,213.70.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.48% and the S&P BSE Small-Cap index tanked 0.61%.

The market breadth was negative. On the BSE, 1,389 sh...