Mumbai, Aug. 5 -- The headline equity indices continued to trade with modest cuts in the mid-morning trade, as investor sentiment weakened following fresh tariff threats from U.S. President Donald Trump over India's continued imports of Russian oil. The Nifty traded below the 24,650 mark. IT shares declined after advancing in the past trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex, dropped 358.51 points or 0.44% to 80,660.21. The Nifty 50 index declined 103.25 points or 0.41% to 24,620.25.

In the broader market, the S&P BSE Mid-Cap index fell 0.12% and the S&P BSE Small-Cap index shed 0.16%.

The market breadth was negative. On the BSE, 1,716 shares rose and 1,996 shares fell. A total of 177 shares were unchange...