Mumbai, June 30 -- The domestic equity benchmarks traded with minor cuts in mid-afternoon 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. Nifty traded below the 23,950 mark. Realty shares advanced after declining in the past trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 54.63 points or 0.07% to 76,677.54. The Nifty 50 index lost 10.55 points or 0.04% ...