Mumbai, July 24 -- The key equity indices traded with minor losses in morning trade, weighed down by weakness in banking and IT shares. Sentiment, however, found support on hopes of a potential India-UK free trade agreement during Prime Minister Modi's visit to the UK. The proposed free trade agreement (FTA) is expected to ease tariffs on key goods and enhance bilateral market access.

The Nifty traded below the 25,200 level. IT shares declined after advancing for previous trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, declined 200.93 points or 0.23% to 82,532.74. The Nifty 50 index shed 48.85 points or 0.19% to 25,171.75.

In the broader market, the S&P BSE Mid-Cap index fell 0.41% and the S&P BSE Small-Cap index...