Mumbai, July 13 -- The domestic equity benchmark further pared early losses in mid-morning trade even as the investor sentiment remained risk-averse following the escalation of the US-Iran conflict. The escalating conflict amplified geopolitical uncertainties and has stoked concerns of rising inflationary pressures.

Reflecting the broad-based weakness, the Nifty continued to trade below the 24,150 mark. Bucking the overall weak sentiment, IT shares, along with autos and consumer durables, outperformed.

Market participants will closely monitor further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season and corporate business updates, as well as the progress of the southwest monsoon for cues...