Mumbai, Dec. 9 -- The frontline equity indices traded with substantial cuts in mid-afternoon trade. The Nifty traded below the 25,850 mark. Pharma shares declined for the third consecutive trading session.

At 14:30 ST, the barometer index, the S&P BSE Sensex, dropped 470.30 points or 0.55% to 84,632.66. The Nifty 50 index lost 139.65 points or 0.58% to 25,819.30.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 0.45% and the S&P BSE Small-Cap index jumped 0.92%.

The market breadth was negative. On the BSE, 2,406 shares rose and 1,667 shares fell. A total of 174 shares were unchanged.

Buzzing Index:

The Nifty Pharma index slipped 0.38% to 22,555.10. The index fell 1.75% in three consecutive tradi...