Mumbai, Aug. 28 -- The key equity indices traded with significant cuts in the afternoon trade after the United States imposed an additional 25% tariff on Indian imports, which came into effect a day earlier. Meanwhile, the expiry of Nifty futures monthly contracts contributed to increased market volatility.

The Nifty traded below the 24,600 level. Barring the consumer durables index, all the other sectoral indices on the NSE traded in red.

At 13:30 IST, the barometer index, the S&P BSE Sensex, dropped 566.48 points or 0.70% to 80,219.97. The Nifty 50 index slipped 156 points or 0.64% to 24,556.75.

In the broader market, the S&P BSE Mid-Cap index slipped 0.74% and the S&P BSE Small-Cap index fell 0.60%.

The market breadth was weak. On ...