Mumbai, July 14 -- The key equity barometers continued to trade with significant losses in the morning trade as investor sentiment remain wary of escalating geopolitical tensions following the US-Iran conflict. Fears of higher crude oil prices and mounting inflationary pressures dampened sentiment, pushing the Nifty below the 24,100 level.

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 on market direction.

Auto shares witnessed profit booking after advancing in the past two trading sessions.

At 10:25 IST, the barometer index, the S&P BSE Sensex de...