Mumbai, April 23 -- The key domestic indices continued to trade with major losses in mid-morning trade as investor sentiment remained cautious amid uncertainty over the reopening of the Strait of Hormuz and a sharp surge in crude oil prices above the $100-per-barrel mark. Investors are also closely monitoring Q4 earnings for further cues. The Nifty traded below the 24,200 level.

Auto shares declined for second consecutive trading sessions.

At 11:25 IST, the barometer index, the S&P BSE Sensex declined 741.11 points or 0.96% to 77,762.77. The Nifty 50 index slumped 188.65 points or 0.77% to 24,191.25.

In the broader market, the BSE 150 MidCap Index fell 0.16% and the BSE 250 SmallCap Index shed 0.10%.

The market breadth was positive. O...