Mumbai, Aug. 12 -- The key equity benchmarks traded with significant losses in afternoon trade amid weighed down by selling pressure in index heavyweight stocks. Investor sentiment remained cautious ahead of the release of domestic inflation data (CPI) later today, which is expected to provide further cues on the interest-rate outlook and broader market direction. Market participants continued to assess a slew of Q1 FY27 earnings announcements, with stock- and sector-specific movements remaining in focus amid the ongoing earnings season.

The Nifty hovered below the 24,300 level, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices and developments on the glo...