Mumbai, Aug. 5 -- The headline equity indices traded with significant cuts in the afternoon trade as investor sentiment weakened following fresh tariff threats from U.S. President Donald Trump over India's continued imports of Russian oil. However, market participants will monitor ongoing earnings season.

The Nifty traded below the 24,650 mark. Consumer Durables and auto shares advanced while oil & gas, FMCG and realty shares declined.

At 13:30 IST, the barometer index, the S&P BSE Sensex, dropped 415.04 points or 0.51% to 80,602.41. The Nifty 50 index declined 117.85 points or 0.48% to 24,605.25.

In the broader market, the S&P BSE Mid-Cap index fell 0.38% and the S&P BSE Small-Cap index shed 0.32%.

The market breadth was negative. O...