Mumbai, July 28 -- The key equity benchmarks traded with minor losses in the mid-afternoon trade, as investors remained cautious ahead of the U.S. Federal Reserve's policy decision and continued to assess the ongoing corporate earnings season. Market sentiment remained volatile due to the weekly expiry of Nifty 50 derivatives contracts, leading to heightened intraday swings. Meanwhile, FMCG stocks declined after advancing in the past two consecutive trading sessions.

At 14:30 IST, the barometer index, the S&P BSE Sensex declined 81.57 points or 0.11% to 76,754.21. The Nifty 50 index lost 21.55 points or 0.09% to 23,974.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index slipped 0.17% and the BSE 250 SmallCap...