Mumbai, July 10 -- The frontline indices continued to trade with modest cuts in the mid-morning trade as investors awaited cues from a possible India-US trade deal and the kick-off of the June-quarter earnings season, with TCS scheduled to report its results later today. The Nifty traded below the 25,400 level. IT stocks extended losses as selling pressure persisted for the second straight session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 285.85 points or 0.34% to 83,250.23. The Nifty 50 index lost 104.80 points or 0.41% to 25,371.30.

In the broader market, the S&P BSE Mid-Cap index shed 0.29% and the S&P BSE Small-Cap index added 0.02%.

The market breadth was negative. On the BSE, 1,772 shares rose and 1,954 sha...