Mumbai, June 8 -- The domestic equity benchmarks traded with major losses in mid-afternoon trade, mirroring a broad selloff across Asian markets amid escalating geopolitical tensions in the Middle East and a sharp rise in crude oil prices. Nifty traded below the 23,200 level. Consumer durables shares declined after advancing in the past two trading sessions.

At 14:30 IST, the S&P BSE Sensex slipped 650.74 points or 0.88% to 73,592.60. The Nifty 50 index fell 208.60 points or 0.89% to 23,158.10.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index declined 1.11% and the BSE 250 SmallCap Index shed 1.55%.

The market breadth was weak. On the BSE, 1,289 shares rose and 2,987 shares fell. A total of 197 shares w...