Mumbai, Feb. 13 -- The domestic equity indices traded with sharp losses in the early afternoon trade. Sentiment remained cautious following the introduction of new AI model by Anthropic, the development intensified concerns about the long-term implications for outsourcing-driven IT business models. Traders remained cautious, shifting toward a risk-off stance. The Nifty traded near 25,500 level.

FMCG shares tumbled for second consecutive trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex tumbled 964.01 points or 1.15% to 82,710.941. The Nifty 50 index tanked 306.45 points or 1.18% to 25,501.60.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index dropped 1.32% and the BSE 250 SmallCap Ind...