Mumbai, July 14 -- The headline equity benchmarks traded with minor losses in early afternoon trade. The Nifty traded below the 25,050 mark. Financial Services extended losses for third consecutive day.

At 12:30 IST, the barometer index, the S&P BSE Sensex declined 378.66 points or 0.46% to 82,124.55. The Nifty 50 index lost 103.46 points or 0.41% to 25,046.40.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.54% and the S&P BSE Small-Cap index added 0.26%.

The market breadth was negative. On the BSE, 1,843 shares rose and 2,169 shares fell. A total of 182 shares were unchanged.

Economy:

India's forex reserves dropped by $3.049 billion to $699.736 billion in the week ended July 4, the RBI said o...