Mumbai, Nov. 9 -- The key equity benchmarks traded near their day's lows in afternoon trade, as selling pressure in IT and other heavyweight stocks offset support from softer crude oil prices and foreign fund inflows. Investors also assessed ongoing Q2 FY27 earnings announcements for cues on corporate performance and the earnings outlook. The Nifty slipped below the 24,900 mark, while IT stocks extended their losses for a second consecutive session.

At 13:30 IST, the S&P BSE Sensex declined 354.75 points or 0.44% to 80,644.65. The Nifty 50 index shed 94.75 points or 0.38% to 24,892.10.

In the broader market, the BSE 150 MidCap Index declined 0.27% and the BSE 250 SmallCap Index fell 0.34%.

The market breadth was negative. On the BSE, 1...