Mumbai, Nov. 21 -- The key equity benchmarks traded with moderate losses in the mid-morning trade, mirroring the weak sentiment across major Asian markets. Investors turned cautious after the latest US jobs data failed to offer clarity on the Federal Reserve's rate-cut trajectory, keeping global markets on edge. The Nifty index dipped below the 26,100 level. PSU bank shares extended losses for the second consecutive trading session.

At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 355.88 points or 0.42% to 85,276.80. The Nifty 50 index lost 105.15 points or 0.40% to 26,087.05.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.97% and the S&P BSE Small-Cap index dropped 0.97%.

The ma...