Mumbai, April 22 -- The domestic equity benchmarks traded with significant losses in the afternoon trade as Donald Trump announced an extension of the ceasefire until Iranian leaders submit a unified proposal. Investor sentiment remained cautious amid uncertainty over the ceasefire deadline in the West Asia conflict. However, market participants will track Q4 earnings.

The Nifty slipped below the 24,400 level. IT, financial services and private bank shares declined, while FMCG, realty and chemical stocks advanced.

At 13:25 IST, the barometer index, the S&P BSE Sensex tanked 735.10 points or 0.93% to 78,538.23. The Nifty 50 index tumbled 181.55 points or 0.74% to 24,395.80.

The broader market outperformed the frontline indices. The BSE ...