Mumbai, July 13 -- The key equity barometers traded with limited losses in the morning trade as investor sentiment turned risk-averse following the escalation of the US-Iran conflict, which heightened geopolitical uncertainties and stoked concerns over rising inflationary pressures. Reflecting the broad-based weakness, the Nifty slipped below the 24,150 mark.

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.

Metal shares witnessed profit booking after gaining over the previous two trading sessions.

At 10:25 IST, the barometer ind...