Mumbai, April 3 -- The key domestic indices traded with moderate losses in the mid-morning trade after the US president announced a tariff rate of 26% on imports into the US from India. The Nifty traded below the 23,300 level. Metal shares declined after advancing for the previous trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 259.40 points or 0.34% to 76,357.10. The Nifty 50 index fell 60.55 points or 0.26% to 23,272.95.

In the broader market, the S&P BSE Mid-Cap index shed 0.28% and the S&P BSE Small-Cap index added 0.31%.

The market breadth was positive. On the BSE, 2,463 shares rose and 1,206 shares fell. A total of 181 shares were unchanged.

Trump's Tariff Shock:

US President Donald Trump has an...