Mumbai, May 29 -- The domestic equity benchmarks traded with decent cuts in the mid- afternoon trade as investors monitored escalating geopolitical and political tensions in the Middle East.

The Nifty traded below the 23,750 mark. Consumer Durables shares advanced after declining for previous trading session.

At 14:28 IST, the barometer index, the S&P BSE Sensex, tanked 378.56 points or 0.50% to 75,489.08. The Nifty 50 index fell 162 points or 0.68% to 23,745.15.

In the broader market, the BSE 150 MidCap Index fell 0.72% and the BSE 250 SmallCap Index jumped 0.05%.

The market breadth was negative. On the BSE, 1,787 shares rose and 2,401 shares fell. A total of 234 shares were unchanged.

The NSE's India VIX, a gauge of the market's e...