Mumbai, Feb. 18 -- The key equity indices erased some losses but traded with limited losses in the mid-morning trade. The Nifty traded above the 22,850 mark.

At 12:25 IST, the barometer index, the S&P BSE Sensex, slipped 281.11 points or 0.37% to 75,715.75. The Nifty 50 index declined 99.20 points or 0.43% to 22,860.30.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.05% and the S&P BSE Small-Cap index dropped 2.21%.

The market breadth was weak. On the BSE, 832 shares rose and 2,988 shares fell. A total of 128 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 0.71% to 15.84. The Nifty 27 February 2025 fu...