Mumbai, May 27 -- The domestic equity indices traded with major losses in early trade amid weak global cues. The Nifty traded below the 24,800 level. All the sectoral indices on the NSE were in the red with IT, FMCG and bank stocks witnessed selling pressure.

At 09:30 IST, the barometer index, the S&P BSE Sensex, tanked 795.10 points or 0.97% to 81,381.35. The Nifty 50 index tumbled 204.20 points or 0.82% to 24,796.80.

In the broader market, the S&P BSE Mid-Cap index shed 0.03% and the S&P BSE Small-Cap index fell 0.02%.

The market breadth was strong. On the BSE, 1,080 shares rose and 757 shares fell. A total of 179 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth 135.98 crore, while domestic institutional...