Mumbai, April 3 -- The key equity indices traded with minor losses in the afternoon trade after the US President Donald Trump announced sweeping reciprocal tariffs on over 180 countries. The Nifty traded below the 23,300 level. Pharma, PSU bank and consumer durables shares advanced while IT, auto and oil & gas shares tumbled.

At 13:28 IST, the barometer index, the S&P BSE Sensex, declined 301.87 points or 0.39% to 76,320.57. The Nifty 50 index shed 69.75 points or 0.30% to 23,260.60.

In the broader market, the S&P BSE Mid-Cap index shed 0.17% and the S&P BSE Small-Cap index added 0.35%.

The market breadth was strong. On the BSE, 2,549 shares rose and 1,231 shares fell. A total of 177 shares were unchanged.

Trump's Tariff Shock:

US Pr...