Mumbai, Aug. 7 -- The domestic equity benchmarks traded with modest cuts in the mid-afternoon trade. The Nifty traded below the 24,550 mark. Oil & gas shares declined after advancing in the previous trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex slipped 524.42 points or 0.66% to 78,430.34. The Nifty 50 index lost 92.30 points or 0.37% to 24,543.70.

In the broader market, the BSE 150 MidCap Index was flat, while the BSE 250 SmallCap Index declined 0.04%.

The market breadth was negative. On the BSE, 1,984 shares rose and 2,178 shares fell. A total of 215 shares were unchanged.

Buzzing Index:

The Nifty Oil & Gas index fell 0.49% to 11,249.15. The index jumped 0.79% in the past trading session.

Aegis Logistics (d...