Mumbai, Dec. 8 -- The key equity indices traded with moderate losses in the mid-morning trade. The Nifty traded below the 26,100 level. PSU bank shares declined after advancing for previous two consecutive trading session.

At 11:30 ST, the barometer index, the S&P BSE Sensex tanked 314.58 points or 0.37% to 85,397.79. The Nifty 50 index lost 112.55 points or 0.43% to 26,079.93.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index tanked 0.96% and the S&P BSE Small-Cap index fell 1.28%.

The market breadth was weak. On the BSE, 1,155 shares rose and 2,816 shares fell. A total of 227 shares were unchanged.

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