Mumbai, Sept. 22 -- The headline equity indices traded with modest losses in mid-afternoon trade, as investor sentiment was dented by the Trump administration's new H-1B visa policy, which imposes a one-time $100,000 fee on new applicants. The measure is viewed as a setback for India's IT sector. Trump's decision overshadowed the impact of recent GST measures. The Nifty traded below 25,250 mark.

Consumer durables shares extended losses for the second consecutive trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex declined 362.86 points or 0.45% to 82,254.97. The Nifty 50 index fell 94.90 points or 0.37% to 25,230.75.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.58% and the...