Mumbai, May 19 -- The key equity indices traded with moderate losses in mid-afternoon trade, investors remained cautious amid global headwinds. The Nifty hovered below the 25,000 level after hitting day's high of 25,062.95 in morning trade.

PSU Bank surged for the seventh consecutive trading session.

At 14:25 IST, the barometer index, the S&P BSE Sensex, declined 279.48 points or 0.34% to 82,051.11. The Nifty 50 index fell 70.55 points or 0.27% to 24,950.35.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.39% and the S&P BSE Small-Cap index jumped 0.73%.

The market breadth was strong. On the BSE, 2,456 shares rose and 1,585 shares fell. A total of 189 shares were unchanged.

The NSE's India VIX,...