Mumbai, April 24 -- The headline equity benchmarks traded with minor losses in early afternoon trade, amid mixed global cues. Investor sentiment remained cautious amid signs of escalation in geopolitical tensions between India and Pakistan after the Pahalgam terror attack. Additionally, the market could be volatile as the monthly Nifty50 F&O contracts are set to expire today.

The Nifty traded below the 24,300 level. FMCG shares declined after advancing for the past two consecutive trading sessions.

Investors will also closely watch the market's response to India's latest diplomatic and economic measures against Pakistan, announced following Tuesday's terrorist attack in Pahalgam in Jammu & Kashmir, which claimed 26 lives. These measures...