Mumbai, June 29 -- The key equity barometers traded with minor cuts in mid-morning trade as investor sentiment remained cautious following the escalation of tensions between Iran and the US over the weekend. Nifty traded below the 24,000 level. PSU bank shares declined after advancing in the past two trading sessions.

At 12:30 IST, the barometer index, the S&P BSE Sensex declined 347.56 points or 0.45% to 76,752.91. The Nifty 50 index fell 80.90 points or 0.34% to 23,975.10.

The broader market underperformed the headline indices. The BSE 150 MidCap Index tumbled 0.75% and the BSE 250 SmallCap Index lost 0.83%.

The market breadth was positive. On the BSE, 1,609 shares rose and 2,536 shares fell. A total of 215 shares were unchanged.

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