Mumbai, June 30 -- The headline equity benchmarks traded with moderate losses in morning trade, weighed down by uncertainty surrounding the US-Iran negotiations in Doha, fresh foreign fund outflows, and weakness in blue-chip IT stocks. Selling pressure in the IT sector further dragged the market lower as investors shifted their focus to the upcoming June-quarter earnings season. Meanwhile, volatility is expected to remain elevated in the near term due to the NSE's monthly derivatives expiry.

The Nifty traded below the 23,900 level. IT shares extended losses for the third consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, fell 132.27 points or 0.17% to 76,596.10. The Nifty 50 index lost 53.25 points or 0....