Mumbai, April 13 -- The domestic equity benchmarks traded with significant losses in the afternoon trade, amid negative global cues, following the breakdown of U.S.-Iran ceasefire negotiations and a spike in crude oil prices, which heightened fears of an extended Middle East conflict.

The Nifty traded below the 23,850 mark. Barring the realty index, all other sectoral indices on the BSE traded in the red.

At 13:28 IST, the barometer index, the S&P BSE Sensex tanked 799.82 points or 1.03% to 76,750.43. The Nifty 50 index declined 240.85 points or 1.10% to 23,809.75.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index slipped 0.56% and the BSE 250 SmallCap Index fell 0.33%.

The market breadth was weak. On th...