Mumbai, Nov. 11 -- The key equity benchmarks traded with moderate losses the in morning trade with the Sensex and Nifty slipping into consolidation after October's sharp rally, as financial stocks dragged the indices lower. Volatility remained elevated ahead of the Nifty 50's weekly derivatives expiry.

The Nifty traded below the 25,500 level. PSU bank shares extended losses for the two consecutive trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, tanked 303.78 points or 0.37% to 83,225.54. The Nifty 50 index shed 83.15 points or 0.35% to 25,487.80.

In the broader market, the S&P BSE Mid-Cap index shed 0.42% and the S&P BSE Small-Cap index fell 0.25%.

The market breadth was negative. On the BSE, 1,347 shares rose a...